Canadian National confident of regulatory approval for Kansas City Southern bid

Credit: REUTERS/EDGARD GARRIDO

April 22 (Reuters) - Canadian National Railway Co CNR.TO on Thursday sent a letter to Kansas City Southern's KSU.N 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 CP.TO.

(Reporting by Shariq Khan in Bengaluru; Editing by Anil D'Silva)

((Shariq.Khan@thomsonreuters.com; Within U.S.+1 646 223 8780, outside U.S. +91 80 6182 2681; Twitter: @shariqrtrs;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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