Canadian Rivals in Bidding War for U.S. Railroad

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Credit…Christinne Muschi/Reuters

The railroad barons are at it again.

Canadian National Railway on Tuesday offered to buy Kansas City Southern for $33.7 billion, topping a $29 billion bid put forward last month by a rival railroad operator, Canadian Pacific.

The competing offers underline the riches expected to come from trade flows after the United States-Mexico-Canada Agreement was passed into law last year. A merger with either suitor would create a railroad line that stretches from…


hashtags: #Canadian #Rivals #Bidding #War #Railroad

original Source link by , publish date: 2021-04-20 16:53:22

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