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K.C. Southern Holders Should Vote For CN Offer: ISS

CN Rail Tops Rival With $30 Billion Offer For K.C. Southern
Photographer: Christinne Muschi/Bloomberg

Canadian National Railway Co.’s $30-billion takeover bid for Kansas City Southern received a boost Friday when a prominent shareholder advisory firm recommended that shareholders support the deal.

Institutional Shareholder Services Inc. said Kansas City Southern shareholders should vote for the deal on Aug. 19 despite the risk that it may be blocked by regulators.