Kansas City Southern (KSU) or KCS said it has terminated its merger agreement with Canadian Pacific Railway Limited (CP, CP.TO) and entered into a merger agreement with Canadian National Railway Co. (CNI, CNR.TO).
The move comes after Kansas City Southern determined that the acquisition proposal KCS received from Canadian National Railway Company on May 13, 2021 continues to constitute a "Company Superior Proposal" under KCS's pending merger agreement with Canadian Pacific Railway Limited or "CP".
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