Canadian National Railway (CNI) Said Near Deal for Kansas City Southern (KSU) - Bloomberg

May 13, 2021 5:42 PM EDT

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Kansas City Southern (NYSE: KSU) is close to accepting a takeover proposal worth more than $33 billion from Canadian National Railway (NYSE: CNI), according to Bloomberg, citing people familiar the the matter.

The offer tops a $25 billion one from rival Canadian Pacific Railway (NYSE: CP).

An announcement could come as early as Thursday.

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