Kansas City Southern terminates deal with CN, opting to merge with CP Rail

Kansas City Southern terminates deal with CN, opting to merge with CP Rail

Kansas City Southern terminates deal with CN, opting to merge with CP Rail - Oops!Something went wrong.Please try again later. - Oops!Something went wrong.Please try again later. - Oops!Something went wrong.Please try again later. - Oops!Something went wrong.Please try again later. Canadian National Railway said Wednesday that Kansas City Southern has terminated its merger agreement, bringing an end to the takeover battle between it and rival Canadian Pacific Railway. CN (CNR.TO) said in a statement released Wednesday morning that KCS (KSU) will pay the railway a US$700 million termination fee as a result of the failed agreement. KCS will also refund CN the US$700 million break fee it received from the railway after it terminated its agreement with CP. (CP.TO) CN chief executive J.J. Ruest said in a statement that …
More on: ca.finance.yahoo.com