The U.S. Surface Transportation Board has issued its long-awaited decision on the merger of Canadian Pacific Railway and Kansas City Southern, authorizing the combination of the two railways to form the first railway connecting Canada, the U.S., and Mexico. The 212-page decision includes many conditions, but will allow CP to take control of KCS, forming… Read More
Tag: Canadian Pacific Kansas City
Canadian Pacific (CP) Railway’s plan to acquire Kansas City Southern (KCS) is one major step closer to becoming a done deal. The companies signed a merger agreement on Wednesday after rival Canadian National (CN) Railway waived its right to a five-day period to negotiate new terms with the coveted Kansas City-based railroad. The US$27.2 billion… Read More
Canadian Pacific Railway (CP) is set to become the first rail freight network to link Canada, the U.S., and Mexico after announcing a US$25 billion stock and cash agreement to acquire Kansas City Southern (KCS) railway on Sunday. The enterprise value of the proposed deal, which has been approved unanimously by both railways’ boards of… Read More