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

May 13, 2021 2:35 PM EDT

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

(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.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Hot M&A, Mergers and Acquisitions, Rumors

Related Entities

Definitive Agreement