KCS will begin merger talks with CN

(Source: Kansas City Business Journal, May 26, 2021)

KANSAS CITY, Mo. — Kansas City Southern’s board said Saturday that it will begin talks with Canadian National Railway Co. after finding that its offer for the company may lead to a better deal than that proposed by Canadian Pacific Railway Ltd. The announcement doesn’t mean that KC Southern is walking away from its previous acceptance of a bid by Canadian Pacific. But it does mean the Kansas City-based company will begin discussions with Canadian National officials and provide confidential financial and business information.

Full story: Kansas City Business Journal

Monday, April 26, 2021