Kansas City Southern mulls $27-bn Canadian Pacific rail bid after ruling

This comes after a recent regulatory ruling jeopardized a rival bid that the US railroad had already accepted

Kansas City Southern said it will take a new look at Canadian Pacific Railway Ltd.’s $27 billion acquisition offer and hold talks with the company after a recent regulatory ruling jeopardized a rival bid that the U.S. railroad had already accepted.
 

The board determined that the proposal from CP could “reasonably be expected” to lead to a superior offer, Kansas City Southern said in a Saturday statement. The company intends to open its books to its potential acquirer. 

The move opens the door for Kansas City Southern to abandon a $30 billion deal to be acquired by Canadian National Railway