CN Rail drops takeover offer for Kansas City Southern

Canadian National Railway Co. says it is dropping its takeover offer for Kansas City Southern.

The decision comes after the U.S. railway ruled a rival bid from Canadian Pacific Railway Ltd. was a superior proposal to its deal with CN.

More coming

© 2021 The Canadian Press

Credit – Financial matters

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button