News / Canadian National counter bid pushes KCS-CP deal toward the buffers

© Robert Philip

Canadian National (CN) is trying to derail the planned marriage of Kansas City Southern (KCS) and Canadian Pacific (CP) by wooing KCS shareholders with a higher offer.

At US$325 per share for the US rail company, CN’s offer values KCS at $33.7bn, beating the $29bn purchase price rival CP agreed last month.

CN argues that its marriage with KCS would create a pan-USMCA rail operator providing “superior service, enhanced competition and new market access to move goods across North America efficiently and ...