Canadian National ups offer to seal deal for US railroad
CN’s latest offer still includes
Canadian National President and CEO JJ Ruest said the combined railroad will connect
“Our proposal offers a clear path to completion and is structured in a way that gives KCS shareholders both greater immediate value and the opportunity to participate in the future upside of the combined company,” Ruest said.
So far, Canadian Pacific has declined to increase its offer for
Canadian Pacific officials didn't immediately respond after the deal was announced Thursday afternoon. But earlier Canadian Pacific spokeswoman
“This only highlights CN’s recognition of the significant regulatory risk of its anti-competitive bid,” Saitto said.
Canadian Pacific has said combining
Canadian National has said it doesn’t believe its merger with
Canadian Pacific will still have a chance to revise its bid in response within the next five days or walk away with a
Canadian National plans to set up a voting trust that would acquire
It’s not yet clear whether this
Canadian Pacific tried to acquire
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