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CP Rail CEO Aims to Cool Talk of K.C. Southern Bidding War

  • ‘It’s a war that we would not win,’ Keith Creel says
  • CEO maintains rival CN Rail faces regulatory hurdles
Photographer: Whitney Curtis/Bloomberg
Updated on

Canadian Pacific Railway Ltd.’s chief executive officer tried to quash speculation that a bidding war is at hand for Kansas City Southern.

Rival bidder Canadian National Railway Co. has deeper pockets, giving it an advantage if money is the sole consideration for the U.S. carrier, Canadian Pacific CEO Keith Creel said Wednesday.