report by the Wall Street Journal suggested the company received a second takeover bid.” data-reactid=”19″>Kansas City Southern (NYSE: KSU) stock rose by 5.29% on Wednesday after a report by the Wall Street Journal suggested the company received a second takeover bid.
BX) and Global Infrastructure Partners have submitted a takeover bid to the North American railroad operator, according to the Journal.
Although the terms are still unclear, the Journal reported that Morgan Stanley (NYSE: MS) is working with Kansas City Southern in reviewing the offer.
The growing trade tensions between U.S. and China could shift a lot of manufacturing bases from Asia to North America, Bloomberg noted earlier. In such a scenario, the freight railroad company could see a lot of growth opportunities.
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