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CP and KCS confirmed Wednesday that they have entered into a merger agreement, in which CP will acquire KCS in a stock and cash transaction worth $31 billion. The deal values KCS at $300 per share.
CP President and CEO Keith Creel is standing firm on a Sept. 12 deadline for KCS shareholders to respond on whether to accept CP's $31 billion "superior offer" to acquire the company.
The KCS rail network included about 7,299 miles (11,747 km) of track in the U.S. and Mexico. [2] KCS network map (trackage rights in purple) Its primary U.S. holding was the Kansas City Southern Railway (KCS), a Class I railroad [3] that operated about 3,984 route miles (6,412 km) [2] in 10 states in the midwestern and southeastern United ...
Canadian Pacific Kansas City Limited, doing business as CPKC (known as Canadian Pacific Railway Limited until 2023), is a Canadian railway holding company.Through its primary operating railroad subsidiaries, Canadian Pacific Railway (CP) and Kansas City Southern Railway (KCS), it operates about 32,000 kilometres (20,000 mi) of rail in Canada, Mexico, and the United States, and is the only ...
The U.S. Surface Transportation Board (STB) on Thursday approved the voting trust for Canadian Pacific Railway's proposed acquisition of Kansas City Southern railroad. Canadian Pacific (CP) had ...
The Kansas City Southern Railway Company (reporting mark KCS) was an American Class I railroad. Founded in 1887, it operated in 10 Midwestern and Southeastern U.S. states : Illinois , Missouri , Kansas , Oklahoma , Arkansas , Tennessee , Alabama , Mississippi , Louisiana and Texas .
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 ...
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