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Report: Canadian Pacific plans new bid for KC Southern

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Canadian Pacific Railway Ltd. is planning a new, increased purchase offer for Kansas City Southern, sources familiar with the matter told The Wall Street Journal.

Such an offer would reignite a takeover battle with Canadian National Railway Co., which reached a deal with Kansas City Southern in May.

Canadian Pacific’s new offer would value Kansas City Southern at $27 billion, the sources said.

Read more from The Wall Street Journal.

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