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KC Southern accepts sweetened purchase offer

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KC Southern accepted a sweetened purchase offer from Canadian National Railway Co.

The railway operator previously accepted a bid from Canadian Pacific Railway Ltd.

The new offer from Canadian National Railway is the same financially, with an enterprise value of $33.6 billion. However, Canadian National agreed to reimburse $700 million that KC Southern would owe Canadian Pacific as a breakup fee.

Read more from the Kansas City Business Journal.

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