Is the CNI bid for KSU a hostile takeover?

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Canadian Pacific Railway (CP) inks a deal to buy Kansas City Southern (KSU) and then out-of-the-blue Canadian National Railway (CNI) offers about $5-billion more. It looks like CNI will now buy KSU.

Is that considered a hostile takeover?

 

[CopperOverGold]

My understanding is ksu accepted the deal. That’s not hostile. However CNI’s board wants them to reneg. Ksu is holding cni accountable for reneging to the tune of $1b. It’s CNI’s move.

 

[newwurldmn]

I don’t know this latest development but there were antitrust issues with the first merger.