Creel has said Canadian Pacific doesn't plan to increase its offer for Kansas City Southern at this point because he believes its offer is more likely to be approved by regulators.
Kansas City Southern in talks on dueling rail takeover bids
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Creel said Wednesday that his railroad isn't planning to increase its offer, which values each Kansas City Southern share at $275, at this point because he thinks competitive concerns related to Canadian National's proposal would keep it from being approved.
Canadian National defends its $33.7B bid for US railroad
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