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

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Kansas City Southern (KSU) Receives Revised Proposal from Canadian National Railway (CNI) That Board Determines is "Company Superior Proposal"

May 14, 2021 6:10 AM EDT

Kansas City Southern (NYSE: KSU) today announced receipt of a revised acquisition proposal from Canadian National Railway Company (NYSE: CNI). Under the terms of CNs revised proposal, each share of KCS common stock would be exchanged for $200 in cash and 1.129 shares of CN common stock. The... More