OMAHA, Neb. (AP) � The path is now clear for Canadian Pacific’s $31 billion acquisition of Kansas City Southern railroad to move forward after Canadian National dropped out of the bidding war Wednesday. The deal could still face tough scrutiny from regulators at the federal Surface Transportation Board, which hasn’t approved any major railroad mergers

OMAHA, Neb. (AP) � Kansas City Southern railroad is trying to keep its $33.6 billion merger with Canadian National on track by rejecting a competing $31 billion bid from rival Canadian Pacific earlier this week. Kansas City Southern said Thursday that its board unanimously decided to continue backing Canadian National’s higher offer. KCS shareholders are

Canadian Pacific has jumped back into the bidding war for Kansas City Southern with an increased $31 billion offer for the U.S. railroad. But its latest bid remains lower than the rival $33.6 billion offer from Canadian National that Kansas City Southern accepted back in May. Still, the new offer from Canadian Pacific will give