Canadian Pacific Acquires Kansas City Southern
December 14, 2021
Canadian Pacific Railway Limited (CP) completed the acquisition of Kansas City Southern (KCS) in a transaction with an enterprise value of approximately USD $31 billion. KCS stockholders will receive 2.884 CP common shares and $90 in cash per KCS common share (and $37.50 for each preferred share); KCS shares were placed into a voting trust pending U.S. Surface Transportation Board approval to create Canadian Pacific Kansas City (CPKC), a single-line railroad linking the United States, Mexico and Canada.
- Buyers
- Canadian Pacific Railway Limited
- Targets
- Kansas City Southern
- Sellers
- Kansas City Southern stockholders
- Industry
- Transportation
- Location
- Missouri, United States
- Transaction Type
- Buyout
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