Canadian Press NewsAlert: CN makes rival offer for U.S. railway Kansas City Southern
Posted April 20, 2021 8:23 am.
Last Updated April 20, 2021 8:28 am.
OTTAWA — Canadian National Railway Co. is making a rival takeover offer for Kansas City Southern in a cash-and-stock bid valued at US$33.7 billion.
The offer tops a proposal made by Canadian Pacific Railway valued at US$25 billion.
More coming.
Companies in this story: (TSX:CP, TSX:CNR)
The Canadian Press