Northwest Iowa grain cooperative target of Russian-linked cyberattack
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Russia-Linked Ransomware Group Hits Iowa Grain Cooperative, Violating Biden Warning
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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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