Canadian Pacific Railway Limited (CP) announced Aug. 10 that it has once again submitted a proposal to acquire Kansas City Southern (KCS) in a stock and cash transaction representing an enterprise value of approximately $31 billion. Calling it a “superior proposal,” CP is offering KCS stockholders an alternative to the Canadian National $33.6 billion proposal that initially topped its first bid. CP said its latest offer recognizes “the premium value of KCS while providing more regulatory
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