August 12, 2021 | Headlines, KCS, STB
(Source: Seeking Alpha, August 11, 2021) NEW YORK — Kansas City Southern is likely to delay its vote on the Canadian National Railway bid until after the U.S. railroad regulator makes a decision on the voting trust, according to CNBC’s David Faber, who cited...
August 10, 2021 | CP, Headlines, KCS
(Source: Reuters, August 10, 2021) NEW YORK — Canadian Pacific Railway Ltd. on Tuesday raised its offer to buy Kansas City Southern by about $2 billion to $27.29 billion, deepening a bidding war with larger rival Canadian National Railway Co. The offer marks a u-turn...
August 4, 2021 | Headlines, KCS
(Source: Railway Age, August 3, 2021) NEW YORK — Canadian Pacific, CN and Kansas City Southern have been battling for votes in KCS’s upcoming shareholder vote on August 19 to approve or reject the CN transaction. CP has been actively telling investors to vote no,...
August 3, 2021 | CP, Headlines, KCS
(Source: Kansas City Southern press release, August 2, 2021) KANSAS CITY, Mo. — Kansas City Southern (“KCS”) today issued the following statement in response to Canadian Pacific Railway Limited’s (“CP”) filing of a preliminary proxy statement on July 29,...
August 2, 2021 | CN, Headlines, KCS
(Source: The Southern, July 30, 2021) CARBONDALE, Ill. — A pending railroad merger could impact train traffic and Amtrak service in Southern Illinois and elsewhere in the state served by the City of New Orleans, Illini and Saluki lines, leading some – including...
July 30, 2021 | CP, Headlines, KCS
(Source: BNN Bloomberg News, July 29, 2021) CALGARY — Canadian Pacific Railway Ltd. is calling on Kansas City Southern shareholders to vote against a US$30 billion merger proposal from Canadian National Railway Co. Full story:...
July 29, 2021 | CP, Headlines, KCS
(Source: S&P Global Platts, July 28, 2021) HOUSTON — Canadian Pacific Railway stands ready to re-engage with Kansas City Southern to acquire the U.S. railroad if its deal falls through with its larger rival Canadian National, CP CEO Keith Creel said July 28...
July 23, 2021 | CN, Headlines, KCS
(Source: BNN Bloomberg, July 21, 2021) NEW YORK — The head of Canadian National Railway Co. is urging investors to be patient as Canada’s largest railway awaits regulatory approval for its US$30-billion acquisition of Kansas City Southern (KCS). Full story: BNN...
July 22, 2021 | Headlines, KCS
(Source: S&P Global Platts, July 21, 2021) MEXICO CITY — Twenty US Congress members have requested that President Joe Biden address the concerns of US energy companies operating in Mexico, which argue that the Andrés Manuel López Obrador administration is...
July 22, 2021 | Headlines, KCS
(Source: S&P Global Platts, July 20, 2021) MEXICO CITY — Mexican tax authorities on July 19 announced they had suspended 58 companies, including the country’s largest railroad operator Ferromex, and the local unit of US railroad operator Kansas City...
