(Reuters) – Canadian National Railway Co is expected to sweeten its takeover bid for Kansas City Southern, the Wall Street Journal reported on Thursday, according to people familiar with the matter.
The new proposal could include an agreement to cover the $700 million breakup fee Kansas City Southern would owe Canadian Pacific Railway Ltd if it walked away from the existing agreement, the report https://www.wsj.com/articles/canadian-national-expected-to-sweeten-kansas-city-southern-bid-11620930880?st=85i11yp8dda0sch&reflink=article_copyURL_share said.
Canadian National Railway and Kansas City Southern did not immediately respond to Reuters requests for comment.
(Reporting by Sanjana Shivdas in Bengaluru; Editing by Shailesh Kuber)
