The two bidding companies are locking horns to take control of a vast network of railways across North America, with Canadian National offering to buy Kansas City Southern in a $33.7 billion deal that trumped Canadian Pacific's $25 billion bid. (FILE PHOTO: A freight train of the Kansas City Southern (KCS) Railway Company is pictured in Toluca, Mexico October - Reuters.)
Canadian Pacific Railway Ltd Chief Executive Keith Creel said on Wednesday the company will not raise its bid for U.S. railroad Kansas City Southern, saying bigger rival Canadian National's offer is "not a real deal".
The two bidding companies are locking horns to take control of a vast network of railways across North America, with Canadian National offering to buy Kansas City Southern in a $33.7 billion deal that trumped Canadian Pacific's $25 billion bid.
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