Kansas city southern board of directors determines proposal from canadian national 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 national railway (tsx: cnr, nyse: cni) (“cn”) on april 20, 2021 to acquire kcs in a cash and stock transaction valued by cn at $325 per kcs share could reasonably be expected to lead to a “company superior proposal” as def
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