Canadian National Weighs Adding Sweetener to Kansas City Southern Bid
Canadian National Railway (NYSE: CNI) is reportedly preparing to sweeten its offer for Kansas City Southern (NYSE: KSU), stepping up its effort to pry the target away from merger partner Canadian Pacific Railway (NYSE: CP).
In April, Canadian National launched a surprise $33 billion bid for Kansas City Southern, topping Canadian Pacific's $30 billion agreement. Kansas City Southern's board is currently reviewing the new proposal, but Canadian National isn't waiting for a decision.
Image source: Kansas City Southern.
Source Fool.com
