Kansas City Southern terminates merger deal with Canadian National Railway and strikes new deal with Canadian Pacific
Marketwatch -

Kansas City Southern said Wednesday it is terminating its merger agreement with Canadian National Railway Co. and entering a merger agreement with Canadian Pacific Railway Ltd. , after determining that it's $31 billion bid was the best of the two competing offers. Under the terms of the new agreement, KCS shareholders will receive $90 in cash and 2.884 shares of CP common stock for each share owned. Holders of the company's preferred stock will receive $37.50 in cash for each share owned. KCS...


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