Kansas City Southern

• 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
  
• ‘Ready to roll’: CP Rail preparing for KCS merger, ruling expected within weeks

  CP Rail has said the merger will build a more efficient and competitive rail network, and a more reliable and economical transportation option serving north-south trade flows.

  Economy

  Feb 3
  
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• CP-KCS deal wins OK from foreign investment committee in U.S.

  Canadian Pacific Railway Ltd. says it has received regulatory approval from the Committee on Foreign Investment in the United States for its acquisition of Kansas City Southern.

  Canada

  Aug 16, 2022
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• Canadian Pacific Railway completes $31B Kansas City Southern acquisition

  The sale, which closed on Tuesday, places the shares of the American railway in a voting trust while the United States Surface Transportation Board reviews the deal.

  Canada

  Dec 14, 2021
• 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
• 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
• CN Rail launches new strategic plan after failed bid for Kansas City Southern

  The Montreal-based railway said that as part of the plan it expects in 2022 to reduce capital spending to 17 per cent of revenue.

  Economy

  Sep 17, 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
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• 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
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• CP Rail maintains interest in KCS after CN setback with U.S. regulator

  The Montreal-based railway says it is disappointed by the decision, but that it remains confident its offer to buy the U.S. railway is in the public interest.

  Canada

  Sep 1, 2021