Kansas city southern board of directors determines proposal from canadian pacific railway could reasonably be expected to lead to a “superior proposal”

Kansas city, mo.--(business wire)--kansas city southern (nyse: ksu) (“kcs”) today announced that its board of directors has unanimously determined, after consultation with the company's outside legal and financial advisors, that the unsolicited proposal received from canadian pacific railway limited (tsx: cp) (nyse: cp) ("cp") on august 31, 2021, to acquire kcs in a cash and stock transaction valued by cp at $300 per kcs share could reasonably be expected to lead to a “company superior proposal
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