(Reuters) – Canadian National Railway Co is expected to sweeten its takeover bid for Kansas City Southern (NYSE:), the Wall Street Journal reported on Thursday, according to people familiar with the matter.
The new proposal could include an agreement to cover the $700 million breakup fee Kansas City Southern would owe Canadian Pacific (NYSE:) Railway Ltd if it walked away from the existing agreement, the report https://www.wsj.com/articles/canadian-national-expected-to-sweeten-kansas-city-southern-bid-11620930880?st=85i11yp8dda0sch&reflink=article_copyURL_share said.
Canadian National Railway and Kansas City Southern did not immediately respond to Reuters requests for comment.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Need Your Help Today. Your $1 can change life.