U.S. regulator says merger waiver applies to CP but KSC board says CN offer 'superior'

The competing bids for U.S. railway Kansas City Southern each received a boost with the U.S. regulator saying a 2001 merger waiver applies to Canadian Pacific Railway, while KCS’s board says CN Rail’s proposal could lead to a superior proposal.
Source: ctv business
U.S. regulator says merger waiver applies to CP but KSC board says CN offer ‘superior’