As the freight railroad sector ostensibly was awaiting the recently-proposed Canadian Pacific (CP) acquisition of Kansas City Southern (KCS) for $29 billion, which was announced in March, the chances of that deal—marrying two Class I railroads—making it to the final station are dealing with a new issue on the tracks, with the other Class I North of the border, CN, throwing its hat into the ring today, with what it called a “superior proposal,” for $33.7 billion.
Source: logistics Mgmt
CN throws its hat into the ring to acquire KCS, with a $33.7 billion proposed offer
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