CN Rail ends takeover war with K.C. Southern

 

The bidding battle by Canadian National Railway Co. in the takeover of Kansas City Southern  ended this week when CNR declined to increase its offer, giving way to Canadian Pacific Railway Ltd.

The deal will create the first railroad to span the U.S., Canada and Mexico. Kansas City Southern lines extend through Oklahoma.

Kansas City Southern picks Canadian Pacific's $31 billion bid for railroad

 

Kansas City Southern terminated its $30 billion agreement with Canadian National and agreed to Canadian Pacific’s $27 billion merger proposal, according to a statement Wednesday reported Bloomberg.

Click here for Bloomberg.

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