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CP reemerges as KCS favourite while CN faces activist proxy fight

CP reemerges as KCS favourite while CN faces activist proxy fight
Business
The battle to create a North American railway system took another dramatic turn this week, as Canadian Pacific Railway Ltd. reemerged as the favourite to acquire Kansas City Southern and rival Canadian National Railway Ltd. was forced to turn its attention to a proxy fight from an activist shareholder.

Canada’s largest railways have been sparring over a potential merger with Kansas City Southern . A deal with either suitor would create the first railway spanning Canada, the United States and Mexico.
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