Kansas city southern board determines canadian national railway proposal continues to be superior to canadian pacific railway merger agreement

Kansas city, mo.--(business wire)--kansas city southern (nyse: ksu) (“kcs”) today announced that the company's board of directors, in consultation with its financial and legal advisors, has unanimously determined that the acquisition proposal kcs received from canadian national railway company (tsx: cnr, nyse: cni) (“cn”) on may 13, 2021 continues to constitute a “company superior proposal” under kcs's pending merger agreement with canadian pacific railway limited (tsx: cp, nyse: cp) (“cp”). fo
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