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CP Rail Offers $25 Billion for Kansas City Southern

  • Cash and stock offer represents 23% premium to Friday’s close
  • Deal to create only rail network to cut through North America
Kansas City Southern Trains Ahead Of Earnings Figures
Photographer: Whitney Curtis/Bloomberg
Updated on

Canadian Pacific Railway Ltd. has offered to buy Kansas City Southern for $25 billion, according to people familiar with the transaction.

The Calgary-based company has offered $275 a share in a cash and stock deal, said the people, who asked not to be named because the information isn’t yet public. A transaction may be announced as soon as Sunday, one of the people said.