Canadian National Railway (CNI) Expected to Sweeten Kansas City Southern (KSU) Bid - DJ

May 13, 2021 2:35 PM EDT

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(Updated - May 13, 2021 2:41 PM EDT)

(Updated - May 13, 2021 2:40 PM EDT)

Canadian National Railway (NYSE: CNI) is expected to sweeten its bid for Kansas City Southern (NYSE: KSU) according to Dow Jones, citing sources.

The new proposal could include an agreement to cover the $700 million breakup fee Kansas City Southern would owe Canadian Pacific Railway (NYSE: CP) if it walks away from their existing merger agreement.

It could not be learned what else the new proposal might contain.



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