KCS to CN: Proposal Accepted. (But is it Final?)
CN and Kansas City Southern (KCS) on May 21 entered into a definitive merger agreement that, barring an unexpected twist, ends weeks of a tug of war between CN and Canadian Pacific.
CP
DOJ to STB: Prohibit CN Voting Trust (UPDATED)
In a May 14 filing with the Surface Transportation Board, the United States Department of Justice has said CN’s application for a voting trust to acquire Kansas City Southern should be denied, because the proposed merger “raises sufficient competition concerns.”
Canadian Pacific’s Keith Creel, Mark Redd and John Brooks Discuss Merging With KCS: RAIL GROUP ON AIR
Canadian Pacific President and CEO Keith Creel, Executive Vice President Operations Mark Redd and Executive Vice President and Chief Marketing Officer John Brooks discuss CP’s proposed merger with Kansas City Southern with
Game Over for CP+KCS? Maybe, Maybe Not (UPDATED)
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 yet.
CN-KCS Merger Proposal Tops 1,000 Supporters
Another 180 customers and stakeholders have submitted letters to CN in support of its proposed combination with Kansas City Southern (KCS), its use of a voting trust, or both, upping the total to more than 1,000, CN reported May 12. All have been filed with the Surface Transportation Board (STB).
CPKC Support Count Nears 550
As Canadian Pacific and CN vie for a merger with Kansas City Southern, the letters of support for both potential transactions continue to pile up at the Surface Transportation Board. On May 10, it was CP’s turn to up its count, as it reported 131 new letters.
2021 Railway Age Readers’ Influential Leaders
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Commentary
The Target Is Actually the Hunter
FINANCIAL EDGE, RAILWAY AGE MAY 2021 ISSUE: The scuffle between CP and CN to acquire Kansas City Southern requires comment. In the 2021 Railroad Financial Desk Book, it was noted that KCS’s
CN + KCS Proposal: Stakeholders Speak Out (UPDATED)
Customers and other stakeholders are voicing support as well as concerns to the Surface Transportation Board (STB) about CN’s proposed combination with Kansas City Southern (KCS), according to simultaneous press releases from CN and Canadian Pacific.
CP to STB: CN + KCS ‘Plainly Flunks End-to-End Test’
Canadian Pacific on April 30 filed a formal objection with the Surface Transportation Board stating that CN “does not qualify for a waiver of the STB’s rules for major transactions, with respect to CN’s unsolicited proposal for Kansas City Southern.”