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Canadian National not to proceed with deal for Kansas City Southern

Sept 15 (Reuters) - Canadian National Railway Co said on Wednesday it would not proceed with its $29.6 billion offer to buy Kansas City Southern, paving the way for the U.S. railroad operator to be bought by rival Canadian Pacific Railway Ltd. (Reporting by Abhijith Ganapavaram in Bengaluru; Editing by Arun Koyyur)

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