Railways

CN makes counter bid to CP for Kansas City Southern

  MONTREAL- CN today announced that it has made a superior proposal to CP to combine with Kansas City Southern in a cash-and-stock transaction valued at $33.7 billion, or $325 per share. Where applicable, figures are based on CN and CP closing share prices on the NYSE of $118.13 and $365.37 respectively as of April …

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CP Rail purchase of Kansas City Southern creates major continental railroad

  In one of the biggest foreign acquisitions ever by a Canadian company, Calgary-based Canadian Pacific Railway Limited and Kansas City Southern today announced they have entered into a merger agreement, under which CP has agreed to acquire KCS for US$25 billion. Following final approval from the Surface Transportation Board, the transaction will combine the …

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