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Report says Kansas City Southern turns down $20B acquisition overture from investor duo

Soon after the Wall Street Journal reported in early September that Blackstone Group and Global Infrastructure Partners made a takeover offer for Class I railroad carrier Kansas City Southern (KSU), a subsequent WSJ report issued one week later indicated that KSU turned down a $20 billion offer. The WSJ report stated that KSU walked away from the offer because “the bid undervalues the railroad operator, according to people familiar with the matter,” the report said.
Source: logistics Mgmt

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