Kansas City Southern (NYSE: KSU) ("KCS") today announced that the Company's Board of Directors, in consultation with its financial and legal advisors, has unanimously determined that the acquisition proposal KCS received from Canadian National Railway Company (TSX: CNR, NYSE: CNI) ("CN") on May 13, 2021 continues to constitute a "Company Superior Proposal" under KCS's pending merger agreement with Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) ("CP").