Without doubt, “once bitten twice shy” doesn’t apply to Canadian Pacific Railway (CP) – it’s quite the opposite, in fact, and then taking into account the suitor’s track record for failed attempts aimed at bulking up via M&A, the more appropriate question would be: third time lucky?

Yes or no? What are the odds for the M&A arbitrage desks?

Seen it all 

Its move to take over Kansas City Southern (KC), valuing the enterprise of the target at $29bn in a cash and stock deal, is ...

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