The US Surface Transportation Board (STB) has provided approval for the merger of Canadian Pacific (CP) and Kansas City Southern (KCS).
Kansas City Southern has celebrated the ground breaking of its new International Railroad Bridge spanning the Rio Grande river.
Canadian Pacific has received regulatory clearance from the Committee on Foreign Investment to combine CP and Kansas City Southern.
CP has completed its purchase of KCS. This will lead to the creation of the only single-line railway linking the Canada, USA and Mexico.
Canadian Pacific (CP) shareholders have voted in favour of the CP - Kansas City Southern (KCS) merger agreement.
Canadian Pacific and Kansas City Southern have now received the necessary regulatory approval from Mexican authorities regarding their merger.
Kansas City Southern’s (KCS) Board of Directors has deemed Canadian Pacific’s (CP) proposed merger agreement a ‘company superior proposal’.