Articles tagged under: Canadian Pacific Railway

KCS Formally Rejects CN Bid

Published September 13, 2021

The Canadian Pacific and Kansas City Southern Railway are one step closer to a deal. Over the weekend, Kansas City Southern told the Canadian National it would not go forward with their agreement, but the CN still has five business…
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KCS to Consider CP Offer by Sept 12

Published September 6, 2021

The Kansas City Southern Railway board of directors has agreed to reconsider Canadian Pacific’s acquisition bid. The Surface Transportation Board rejected the Canadian National’s proposal for the use of a voting trust during the regulatory process, opening the door again…
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CP Delivers More Options to ND

Published September 1, 2021

The North Dakota Grain Growers Association is pleased the Surface Transportation Board rejected the Canadian National’s proposal to take over the Kansas City Southern. NDGGA Executive Director Dan Wogsland says CN doesn’t have any assets in North Dakota and the…
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KCS Shareholder Vote Delayed

Published August 18, 2021

The Kansas City Southern Railway postponed Thursday’s shareholder vote on Canadian National’s $33.6 billion takeover bid. The Surface Transportation Board is expected to make its decision about CN’s proposed use of a voting trust as part of its acquisition by…
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CP Increases Its Offer for KCS

Published August 10, 2021

Canadian Pacific has upped its bid for the Kansas City Southern Railroad to $31 billion. This decision came less than two weeks before Kansas City Southern shareholders will vote on a proposed merger agreement with Canadian National. CP and CN…
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KCS Board Approves CN Merger

Published May 24, 2021

CN appears to be the big winner in the tug-of-war between Canadian National and Canadian Pacific railroads. Both companies have been trying to acquire Kansas City Southern Railway and become the first railroad to extend from Canada to Mexico. The…
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CP Reaches Out to KCS Railway

Published May 21, 2021

The Canadian Pacific Railway is asking the board of directors of Kansas City Southern to reject the recent offer by Canadian National. The Surface Transportation Board plans to use stricter rules regarding competition for the CN proposal compared to Canadian…
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Rail Reversal

Published May 14, 2021

The Kansas City Southern Railway board of directors has ended its merger agreement with Canadian Pacific and accepted an acquisition offer by Canadian National. CP and Kansas City Southern made a deal in March for $29 billion. That was followed…
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