11.05.2021

Artikel Nummer: 36440

Who will win the race for KCS?

Canadian Pacific Railway (CP) has received voting trust approval from the Surface Transportation Board (STB) for its planned friendly merger with Kansas City Southern (KCS). In order to close into voting trust, the transaction requires approval from both companies’ shareholders along with compliance with customary closing conditions.

CP would then acquire KCS shares and place them into the voting trust, at which point KCS shareholders will receive their consideration.

Canadian National Railways (CN), on the other hand, has made a “superior proposal” to acquire KCS in a cash-and-stock transaction valued at USD 33.7 billion. (ben)


www.cpr.ca


www.cn.ca


www.kcsouthern.com


https://prod.stb.gov