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KCS Agrees To Merge With CP, Nixes Plans With CN
Wednesday, September 15, 2021 - 11:21am | 1244The love triangle appears to have ended: Kansas City Southern has terminated plans to merge with Canadian railway CN and has agreed to merge with rival suitor Canadian Pacific. CP and KCS confirmed Wednesday that they have entered into a merger agreement, in which CP will acquire KCS in a stock...
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Breaking: Regulators Reject CN's Proposed Voting Trust To Acquire KCS
Tuesday, August 31, 2021 - 4:27pm | 1129The Surface Transportation Board voted unanimously Tuesday to reject the proposed voting trust that CN would use to acquire Kansas City Southern, making the $33.6 billion merger's prospects unclear. The STB said the trust "is not consistent with the public interest standard under the Board's merger...
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Kansas City Southern To Hold CN-KCS Merger Vote In September
Thursday, August 19, 2021 - 3:02pm | 812Kansas City Southern shareholders will wait until Sept. 3 to decide whether they will approve the merger agreement with Canadian railway CN. KCS (NYSE: KSU) had planned to hold the shareholder vote on Thursday, but it opted to postpone the meeting until after the Surface Transportation Board...
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KCS Shoots Back At Canadian Pacific Attempts To Derail CN Merger
Monday, August 2, 2021 - 3:01pm | 932Kansas City Southern is firing back at Canadian Pacific's recent efforts to thwart a merger between KCS and CP's rival, CN. KCS (NYSE: KSU) shareholders are holding a special meeting on Aug. 19 to vote on the CN (NYSE: CNI) merger agreement with KCS. Rivals CP and CN are both seeking to acquire...
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KCS CFO: Merger with CN offers 'financial flexibility and freedom'
Tuesday, June 15, 2021 - 4:16pm | 1387Rival suitors CN (NYSE: CNI) and Canadian Pacific (NYSE: CP) continue to seek to win over regulators and prove how their respective railway is the perfect partner to merge with Kansas City Southern (NYSE: KSU). Kansas City Southern (KCS) and CN want the Surface Transportation Board (STB) to...