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Canadian National offers $30 billion for Kansas City Southern


Canadian National offers $30 billion for Kansas City Southern
CNN
1 hr ago
By Paul R. La Monica, CNN Business
© Whitney Curtis/Bloomberg/Getty Images
A Kansas City Southern (KSC) Railway locomotive passes through Knoche Yard in Kansas City, Missouri, U.S., on Tuesday, Jan. 7, 2020. Kansas City Southern is scheduled to release earnings figures on January 17. Photographer: Whitney Curtis/Bloomberg via Getty Images
All aboard! There s a bidding war in the railroad industry. Canadian National is offering to buy Kansas City Southern for $33.7 billion, topping a $25 billion bid from rival Canadian Pacific.
Shares of Kansas City Southern surged more than 15% Tuesday on the news. Canadian National fell nearly 7% while Canadian Pacific was down about 2%. ....

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