Kansas City Southern, in talks on a $ 33.7 billion national competition
It will be reviewed by Kansas City Southern management a proposed $ 33.7 billion bid At the hands of Canadian National, the latest twist in the purchase struggle for the U.S. train operator could lead to the biggest merger of the year.
Kansas City Southern has already teamed up with CN opponent Canadian Pacific It offered $ 28.9 billion including debt The U.S. will acquire the company in the last month, but shareholders will review it due to a duty of reliability to evaluate the higher bid, CN said on Saturday.
Both transactions would create the first North American railroad in Canada, the U.S., and Mexico, and would be the largest transaction between railroad operators since 1999.
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