Canadian Nationwide to make $30 billion bid for Kansas Metropolis- WSJ By Reuters

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© Reuters. FILE PHOTO: A wagon of a freight prepare of KCS Railway Firm is pictured in Toluca

(Reuters) -Canadian Nationwide Railway Co plans to make a $30 billion bid for railroad operator Kansas Metropolis Southern (NYSE:), the Wall Road Journal reported on Tuesday, citing individuals accustomed to the matter. (https://on.wsj.com/3tykQJy)

Canadian Nationwide plans to supply $325 for every Kansas Metropolis Southern share, together with $200 a share in money and 1.059 Canadian Nationwide shares, the report stated.

The provide represents a few 20% premium to Canadian Pacific (NYSE:) Railway Ltd’s March provide of $275 a share for Kansas Metropolis Southern, WSJ stated.

Canadian Nationwide, Canadian Pacific and Kansas Metropolis weren’t instantly out there for remark.

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