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Railroad bid battle for Kansas City Southern continues

Railroad bid battle for Kansas City Southern continues
Canadian Pacific submits second proposal for southern rail network.

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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