Articles tagged under: Canadian Pacific Railway
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…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…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…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…Railroads in a Regulatory Battle Over Kansas City Southern
Published May 20, 2021
The Surface Transportation Board has rejected Canadian National's proposal to set up a voting trust that would acquire the Kansas City Southern and operate the railroad during the regulatory review. CN will now resubmit its merger agreement to the STB.…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…NDGDA Supports CP-KCS Deal
Published April 23, 2021
The North Dakota Grain Dealers Association has filed a letter with the Surface Transportation Board, reiterating its support for the proposed Canadian Pacific acquisition of the Kansas City Southern Railway. This same letter voiced opposition to the bid made by…CP Issues 1Q Financials
Published April 22, 2021
Canadian Pacific Railway finished its first quarter with a four percent drop in its revenues, declining from $2 billion last year to $1.9 billion this year. CP moved record amounts of grain during the first three months of its fiscal…USMC Rail Network in the Works
Published March 23, 2021
The first rail network connecting the U.S., Mexico and Canada is in the works. Canadian Pacific Railway and Kansas City Southern have come to a merger agreement worth $29 billion. The two railroad systems come together in Kansas City and…