OMAHA (DTN) The board of directors for Kansas City Southern railroad on Thursday switched tracks and chose to accept the purchase offer from Canadian National Railway, concluding that company’s bid is superior to that of Canadian Pacific Railway.
Canadian National’s (CN) bid for Kansas City Southern (KCS) tops $33.6 billion compared to the Canadian Pacific (CP) merger plan of $29 billion offered in March. The board for KCS determined CN’s revised proposal amounts to a “company superior proposal” as defined in the KCS merger agreement with CP.
The announcement also comes after Canadian National executives spent two days in Kansas City, Missouri, meeting with KCS executives and local business and political leaders, according to the Kansas City Star.
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Police: Couple dead after apparent murder-suicide in League City; children out safe
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LEAGUE CITY, Texas – Police said a woman is dead and the man who allegedly shot her took his own life in what was a four-hour standoff on League City’s west side Wednesday night.
Two children who were inside the home at the time of the murder are safe after being brought out by a tactical unit, police said.
Investigators said League City police were called to a house just after 10 p.m. in the 400 block of Westwood Drive. The initial report was that there was a home invasion and that a woman had been shot and a man was holding children hostage inside, police said.
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Former Anglesey pub up for auction three years after closing down
The Crown Hotel in Bodedern shut in 2018 and locals are hoping a new buyer will reopen and restore it
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A former community pub and hotel in Bodedern is set go under auction next month.
The Crown Hotel was closed down in 2018 by Marston s brewery and was sold to Tenby-based businessman David Shwenn shortly afterwards.