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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

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April 28, 2021, 5:19 PM UTCUpdated onApril 28, 2021, 5:47 PM UTC

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.