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Canadian National Makes $30 Billion Topping Bid for Kansas City Southern - WSJ

The offer is likely to kick off a bidding war for a railroad operator that has already agreed to a sale to another Canadian rival.

Railroads Strike a $25 Billion Merger

Canadian Pacific agreed to acquire Kansas City Southern in a merger valued at about $25 billion that would create the first freight-rail network linking Mexico, the U.S. and Canada.

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