Kansas city southern confirms receipt of unsolicited proposal from canadian pacific railway

Kansas city, mo.--(business wire)--kansas city southern (nyse: ksu) (“kcs”) today announced that it has received an unsolicited proposal from canadian pacific railway limited (tsx: cp) (nyse: cp) ("cp") to acquire kcs in a transaction whereby shareholders of kcs would receive 2.884 cp common shares and $90 in cash for each share of kcs common stock held. on may 21, 2021, kcs announced that it had entered into a definitive agreement with cn (tsx: cnr, nyse: cni), pursuant to which cn agreed to a
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