U.S. railway operator Kansas City Southern said May 13 it had accepted Canadian National Railway Co.’s $33.6 billion acquisition offer, outbidding a $29 billion deal with Canadian Pacific Railway Ltd.
Kansas City Southern has notified Canadian Pacific that it intends to terminate their merger accord and choose Canadian National.
Headquartered in Kansas City, Mo., Kansas City Southern is a transportation holding company that has railroad investments in the United States, Mexico and Panama. Its primary U.S. holding is The Kansas City Southern Railway Co., serving the central and south-central United States. Its international holdings include Kansas City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico and the port citie