Kansas City Southern
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CP Rail’s takeover of Kansas City Southern gets final approval from U.S. regulatorWhile 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.EconomyMar 15
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‘Ready to roll’: CP Rail preparing for KCS merger, ruling expected within weeksCP 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.EconomyFeb 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.CanadaAug 16, 2022
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Canadian Pacific Railway completes $31B Kansas City Southern acquisitionThe 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.CanadaDec 14, 2021
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Kansas City Southern shareholders vote in favour of CP Rail takeoverThe approval by Kansas City Southern shareholders follows a thumbs-up from Mexican regulators last month and from CP shareholders on Thursday.EconomyDec 10, 2021
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Mexican regulators approve CP Rail deal to buy Kansas City SouthernCanadian 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.EconomyNov 26, 2021
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CN Rail launches new strategic plan after failed bid for Kansas City SouthernThe Montreal-based railway said that as part of the plan it expects in 2022 to reduce capital spending to 17 per cent of revenue.EconomySep 17, 2021
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CP deal to buy Kansas City Southern could close by next fallCanadian Pacific Railway Ltd.'s acquisition of Kansas City Southern could be complete by next fall, the Calgary-based railway said Thursday.MoneySep 16, 2021
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CP Rail bid superior to CN Rail deal, Kansas City Southern board rulesAs 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.CanadaSep 13, 2021
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CP Rail maintains interest in KCS after CN setback with U.S. regulatorThe 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.CanadaSep 1, 2021
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