Cp Rail Stock

• CP Rail’s takeover of Kansas City Southern gets final approval from U.S. regulator

  While it will remain the smallest of six large railways in the U.S. by revenue, it will operate nearly 33,000 kilometres of rail and employ nearly 20,000 people.

  Economy

  Mar 15, 2023
  
• Canada’s reputation could suffer lasting damage from CP Rail dispute: business leader 

  Goldy Hyder, president and CEO of the Business Council of Canada, said U.S. lawmakers and counterparts have been worried for weeks about a possible labour dispute.

  Economy

  Mar 21, 2022
  
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• Kansas City Southern shareholders vote in favour of CP Rail takeover

  The approval by Kansas City Southern shareholders follows a thumbs-up from Mexican regulators last month and from CP shareholders on Thursday.

  Economy

  Dec 10, 2021
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• Mexican regulators approve CP Rail deal to buy Kansas City Southern

  Canadian Pacific Railway Ltd. has agreed to buy KCS in a deal valued at US$31 billion, including the assumption of US$3.8 billion of debt.

  Economy

  Nov 26, 2021
• CP deal to buy Kansas City Southern could close by next fall

  Canadian Pacific Railway Ltd.'s acquisition of Kansas City Southern could be complete by next fall, the Calgary-based railway said Thursday.

  Money

  Sep 16, 2021
• CP Rail bid superior to CN Rail deal, Kansas City Southern board rules

  As a result, the U.S. railway says it plans to terminate its deal with CN and sign a definitive agreement with CP Rail, which has made a US$31 billion offer.

  Canada

  Sep 13, 2021
• U.S. regulator denies CN Rail’s use of trust in deal to buy Kanas City Southern

  The U.S. Surface Transportation Board said the proposed voting trust is not consistent with the public interest standard under its merger regulations.

  Canada

  Aug 31, 2021
• Kansas City Southern reaffirms support for CN bid, but may delay vote

  The Kansas City Southern board also reaffirmed its support for the CN offer despite a sweetened bid by Canadian Pacific Railway Ltd. earlier this week.

  Canada

  Aug 13, 2021
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• CP Rail hikes takeover bid for Kansas City Southern, new offer valued at US$31B

  The new bid comes ahead of a vote on Aug. 19 by Kansas City Southern shareholders on a rival offer by Canadian National Railway Co. valued at US$33.6 billion.

  Canada

  Aug 10, 2021