May 28, 2021 | CP, Headlines
(Source: Progressive Railroading, May 28, 2021) The Canadian government has reached an agreement with Canadian Pacific concerning the Lac-Megantic rail bypass. Full story: Progressive Railroading
May 27, 2021 | CP, Headlines
(Source: Canadian Pacific Railway press release, May 26, 2021) CALGARY — Canadian Pacific Railway Limited today issued the following statement in response to Canadian National’s (“CN”) commitment to divest Kansas City Southern’s...
May 24, 2021 | CP, Headlines
(Source: Canadian Pacific Railway press release, May 21, 2021) CALGARY — Canadian Pacific Railway Limited sent the following letter to the Surface Transportation Board (“STB”) today in response to the Kansas City Southern (“KCS”) Board of...
May 21, 2021 | CP, Headlines
(Source: Railway Age, May 20, 2021) NEW YORK — Canadian Pacific President and CEO Keith Creel on May 20 responded to the Kansas City Southern Board of Directors and President and CEO Pat Ottensmeyer calling on them to reject CN’s counter-proposal “in light of...
May 21, 2021 | CP, Headlines
(Source: Wall Street Journal, May 20, 2021) NEW YORK — Kansas City Southern is expected to ditch its merger agreement with Canadian Pacific Railway Ltd. in favor of a competing proposal from Canadian National Railway Co., according to people familiar with the matter,...
May 20, 2021 | CP, Headlines
(Source: Canadian Pacific Railway press release, May 20, 2021) CALGARY — Today, Canadian Pacific Railway Limited announced that it sent a letter to Kansas City Southern’s (“KCS”) Board of Directors calling on them to reject Canadian National’s...
May 20, 2021 | CP, Headlines
(Source: Wall Street Journal, May 20, 2021) NEW YORK — Canadian Pacific Railway Ltd. said Thursday it won’t increase its takeover offer for Kansas City Southern , betting recent setbacks for a higher offer from a rival make sweetening the bid unnecessary. It is now up...
May 17, 2021 | CP, Headlines
(Source: Reuters, May 14, 2021) NEW YORK — Wall Street is expecting Canadian Pacific to raise its offer for Kansas City Southern even at the cost of more debt to win the bidding war with larger Canadian railroad rival Canadian National. Full story:...
May 14, 2021 | CP, Headlines
(Source: Canadian Pacific Railway press release, May 13, 2021) CALGARY — Canadian Pacific Railway Limited (“CP”) today provided the following statement regarding Kansas City Southern’s (“KCS”) decision related to Canadian National’s...
May 14, 2021 | CP, Headlines
(Source: Railway Age, May 13, 2021) NEW YORK — The activity involving Kansas City Southern and its two potential merger partners, Canadian Pacific and CN, took yet another turn late on May 13. CN appears to have come out on top, but don’t count CP out, at least not...
