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Canadian National confident of regulatory approval for Kansas City Southern bid

Kitco News

April 22 (Reuters) - Canadian National Railway Co on Thursday sent a letter to Kansas City Southern’s board, saying the company is confident of winning regulatory approvals for its takeover offer of about $33.7 billion.

Canadian National submitted its bid for the U.S. company on Tuesday, rivaling an agreement Kansas City already had in place to be taken over for about $25 billion by Canadian Pacific Railway Ltd. (Reporting by Shariq Khan in Bengaluru; Editing by Anil D’Silva)

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