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") reaffirming its interest in acquiring kcs. in its proposal, cp reiterated identical terms to the proposal made on august 10, 2021, whereby holders of kcs common stock would receive 2.884 cp common shares and $90 in cash for each share of kcs common stock held. in addition, cp reiterated that hol
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