September 17, 2021 | CN, CP, Headlines, KCS, STB
(Source: Regina Leader-Post, September 16, 2021) REGINA, Saskatchewan — Canadian Pacific Railway Ltd.’s chief executive Keith Creel is barreling ahead with his newly won bid for a U.S. railway, with his sights set on closing the deal by the end of next year — if the...
September 17, 2021 | CN, CP, Headlines, KCS, STB
(Source: Railway Age, September 15, 2021) NEW YORK — On Sept. 15, sooner than expected, Kansas City Southern’s Board of Directors unanimously determined that the acquisition proposal KCS received from Canadian Pacific on Sept. 12, 2021 continues to constitute a...
September 16, 2021 | CN, CP, Headlines, KCS, STB
(Source: Trains Magazine, September 15, 2021) KANSAS CITY, Mo. — The four-month battle for Kansas City Southern is officially over. KCS and Canadian National ripped up their $33.6 billion merger agreement today, 15 days after the Surface Transportation Board denied...
September 14, 2021 | CN, CP, Headlines, KCS, STB
(Source: Reuters, September 12, 2021) NEW YORK — Kansas City Southern said on Sunday it planned to accept Canadian Pacific Railway Ltd’s $27.2 billion cash-and-stock acquisition offer as superior to its $29.6 billion deal to sell itself to Canadian National...
September 14, 2021 | CN, Headlines, KCS
(Source: BNN Bloomberg, September 14, 2021) NEW YORK — One of the main players behind a U.K.-based hedge fund’s threat to launch a proxy battle against Canadian National Railway Ltd. is taking a few cues from some high-profile previous activist campaigns...
September 14, 2021 | CP, Headlines, KCS
(Source: Progressive Railroading, September 12, 2021) Kansas City Southern today announced that its board has determined that Canadian Pacific’s revised proposal constitutes a “company superior proposal” as defined in KCS’s merger agreement with CN. Full story:...
September 14, 2021 | CN, Headlines, KCS
(Source: TCI Fund Management Limited press release, September 13, 2021) LONDON — Long-term shareholders CIFF Capital UK LP and The Children’s Investment Master Fund, acting by their investment manager TCI Fund Management Limited (together, “TCI”),...
September 14, 2021 | CP, Headlines, KCS
(Source: Reuters, September 13, 2021) NEW YORK — Kansas City Southern said it planned to accept Canadian Pacific Railway Ltd’s $27.2 billion cash-and-stock acquisition offer as superior to its $29.6 billion deal to sell itself to Canadian National Railway Ltd....
September 14, 2021 | Headlines, KCS
(Source: Kansas City Southern press release, September 13, 2021) KANSAS CITY, Mo. — Kansas City Southern (KCS) announced today that it will celebrate the 21st anniversary of its KCS Holiday Express program and partnership with The Salvation Army with a fundraiser to...
September 10, 2021 | CP, Headlines, KCS
(Source: Trains Magazine, September 8, 2021) CHICAGO — Canadian Pacific’s merger negotiations with Kansas City Southern are progressing in the wake of last week’s regulatory decision that dealt a blow to the proposed Canadian National-KCS combination. Full story:...
