Kansas City Southern

• 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
  
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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
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• 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
• 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
• 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
• 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
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• CP urges Kansas City Southern shareholders to oppose CN takeover next month

  The Calgary-based railway made the request in a regulatory filing ahead of the U.S. railway's special meeting on Aug. 19.

  Canada

  Jul 30, 2021