May 13, 2021 | CP, Headlines
(Source: Progressive Railroading, May 12, 2021) Tony Hatch was watching an NCCA men’s basketball tournament game late on March 20 and discovered an online Financial Times news story. Justin Long was alerted to breaking news the morning of March 21 after attending a...
May 11, 2021 | CP, Headlines
(Source: Progressive Railroading, May 10, 2021) Canadian Pacific today announced that another 131 stakeholders filed statements with the Surface Transportation Board (STB) on May 8 in support of its proposed merger with Kansas City Southern, bringing the total to...
May 10, 2021 | CP, Headlines
(Source: Vaughan Today, May 8, 2021) CALGARY — Canadian Pacific (CP) is not currently exploring the possibility of improving its Kansas City Southern offering, despite stakeholder pressure. “There is no need at this time to look into that as we have an agreement with...
May 10, 2021 | CP, Headlines
(Source: Associated Press, May 7, 2021) OMAHA, Neb. — Regulators have approved Canadian Pacific’s plan for acquiring Kansas City Southern if that railroad picks CP’s $25 billion bid over rival Canadian National’s $33.7 billion offer. Full story:...
May 3, 2021 | CP, Headlines
(Source: Railway Age, May, 1, 2021) NEW YORK — Canadian Pacific on April 30 filed a formal objection with the Surface Transpor-tation Board stating that CN “does not qualify for a waiver of the STB’s rules for major transac-tions, with respect to CN’s unsolicited...
May 3, 2021 | CP, Headlines
(Source: Reuters, May 1, 2021) WASHINGTON, D.C. — Canadian Pacific Railway Ltd. (CP) said on Saturday it filed a formal objection with a U.S. regulator stating Canadian National Railway Co’s near $30 billion rival bid for Kansas City Southern does not qualify to be...
April 30, 2021 | CP, Headlines
(Source: Bloomberg, April 29, 2021) NEW YORK — Canadian Pacific Railway Limited’s chief executive officer tried to quash speculation that a bidding war is at hand for Kansas City Southern. Full story: JWN Energy
April 29, 2021 | CP, Headlines
(Source: Reuters, April 28, 2021) TORONTO — As Kansas City Southern’s share price rises above Canadian Pacific Railway’s offer on prospects of a bidding war, CP shareholders and analysts say the company should stick to its initial proposal, noting Canadian National...
April 28, 2021 | CP, Headlines
(Source: Railway Age, April 27, 2021) NEW YORK — Yet another letter. Be warned: This one, nearly 3,000 words, is from Canadian Pacific’s attorney to the Surface Transportation Board. It essentially says CN has it totally wrong by asking the STB to approve a voting...
April 27, 2021 | CP, Headlines
(Source: Associated Press, April 26, 2021) OMAHA, Neb. — As deal talks begin, Canadian National railroad said Monday it is receiving broad support for its $33.7 billion bid to buy Kansas City Southern. Full story: www.marketwatch.com
