Kansas city southern receives revised proposal from canadian national railway that board of directors determines is a "company superior proposal"

Kansas city, mo.--(business wire)--kansas city southern (nyse: ksu) (“kcs”) today announced receipt of a revised acquisition proposal from canadian national railway company (tsx: cnr, nyse: cni) (“cn”). under the terms of cn's revised proposal, each share of kcs common stock would be exchanged for $200 in cash and 1.129 shares of cn common stock. the proposal is binding on cn and may be accepted by kcs at any time prior to 5:00 pm edt on friday, may 21, 2021. the transaction would be subject to
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