Canadian pacific comments on unsolicited, anti-competitive proposal by canadian national to acquire kansas city southern

Canadian pacific transaction offers greater certainty for kcs stockholders, creates more rail competition for shippers and is better for north america remaining the smallest class 1 railroad, a cp/kcs combination is the only deal that appropriately manages regulatory risk and creates significant benefits for customers and stakeholders over 400 customers and stakeholders across the transportation supply chain have filed letters in support of a cp/kcs combination calgary, ab, april 20, 2021 /prnewswire/ - canadian pacific railway limited (tsx: cp) (nyse: cp) today issued the following statement regarding canadian national's unsolicited offer to acquire kansas city southern ("kcs"): canadian national's ("cn") proposal is illusory and inferior because it creates adverse competitive impacts and raises other serious public interest concerns. cn's proposal increases regulatory and anti-trust risk for kcs shareholders and decreases benefits for customers, employees and other stakeholders.
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