shareholders so they continue to be talking to ksu about what, if anything, they can possibly do to enhance their bid, to stay in the game, potentially to appeal that offering as unlikely as that may be what i can tell you now, and this is not a big surprise, that kansas city southern's board is going to meet, not sure if it's going to be later today or early tomorrow, and they are going to deem the current bid from canadian pacific likely or possibly likely to lead to a superior proposal. that has the effect of allowing them to start to talk to cp, which of course you want to do if you're the kansas city southern board why? the cpd deal although less in value has the assurance potentially of being able to use a voting trust and therefore taking a lot of the risk, the antitrust risk away, if not all of it for kansas city southern's shareholders it is expected, it was perhaps expected that kansas city southern would want to be able to enter talks with cp, about what can potentially be done to enhance that offer given the lack of a use of a voting trust there. according to people fami

that is the kansas city southern takeover we saw that board meet over the weekend, and the board of ksu that the canadian pacific offer which is the $27 billion offer that is lower than the canadian national $30 billion offer but we know that rail regulators basically said, canadian national cannot use a voting trust to take over kansas city southern, which has put that deal in jeopardy, allowing an entryway for canadian pacific to come back in and take over kansas city southern whew hope you're with me. ksu board said saturday canadian pacific offer could "reasonably be expected to lead to a superior offer versus the one canadian national did make." worth noting and remindingers, got the green light to use that trust structure. that's in focus. see what happeneds because cp did basically say that they need an answer from kansas city southern by august 12th -- or september 12th so end of this week. and we'll continue to keep an eye out on this. i mean, there's a chance that canadian national could counter with a sweetened deal, but the risk is considered to be, analysts wrote notes over

it's in favor of cp acquiring ksu. not in favor and has been vocal about that in recent days and weeks about canadian national moving forward with that deal and has called for the ouster of the ceo. i think it's looking to nominate potentially at least five new directors to the board wants to see jim vena, who is most recently at union pacific as the coo, but before that was at canadian national, one of those hunter harrison precision scheduled railroading mentee they would like to see him as coo. you have an investment thesis taking shape around cp and kansas city southern coming together to create this first canada to mexico railroad which would still be the smallest of the major railroads here in north america, but also potentially an investor thesis around canadian national now that there is an expectation that bends this deal and will focus more on things like it's operating ratio and getting costs down. >> right again, canadian national really in a way fighting a two-front war with the activist investor, not to m