A freight train at Manchac, La., about 75 km east of Baton Rouge. (CN.ca)

CN challenges CP with Kansas City Southern bid

KCS shareholder warns U.S. regulator 'doesn't like overlap'

Reading Time: 3 minutes Reuters — Canadian National Railway said on Tuesday it had offered to buy Kansas City Southern railroad for about US$33.7 billion, sending shares of the U.S. rail company soaring as investors anticipated a bidding war with Canadian Pacific Railway. CP had agreed a deal to acquire Kansas City Southern for about $25 billion last month […] Read more