Canadian Pacific Kansas City Acquires Kansas City Southern in $31 Billion Deal

KCA Partners to Acquire SK TNS in Over 300 Billion Won Deal

August 4, 2026

Telecommunications

KCA Partners, a Korea-based private equity firm, has signed a definitive share purchase agreement to acquire 100% of SK TNS for an estimated 300 billion to 400 billion won. The deal follows Alchemist Capital Partners Korea’s process to sell its stake in SK TNS, managed by Samil PwC.

Union Pacific and Norfolk Southern UP-NS Merger Application Refilling (Regulatory Review with CPKC Opposition)

December 19, 2025

Transportation

Union Pacific (UP) and Norfolk Southern (NS) refilled their merger application with the U.S. Surface Transportation Board (STB) after initially filing and later submitting revised materials. Canadian Pacific Kansas City (CPKC) publicly commented and urged stakeholders to participate, arguing the mega-merger is unnecessary and raises public-interest and market-power concerns.

Union Pacific Acquires Norfolk Southern to Create a Transcontinental Railroad

August 18, 2025

Transportation

Union Pacific Corporation and Norfolk Southern Corporation announced a definitive merger to create “America’s first transcontinental railroad,” enabling seamless coast-to-coast single-line service. Norfolk Southern shareholders will receive 1 Union Pacific common share plus $88.82 in cash per share, and the companies expect the transaction to close in mid-2027 (subject to Surface Transportation Board review and other customary conditions).

Southern Missouri Bancorp Acquires Citizens Bancshares for $140M

September 20, 2022

Financial Services

Southern Missouri Bancorp Inc., the parent of Southern Bank, agreed to acquire Kansas City–based Citizens Bancshares Co. in a stock-and-cash transaction valued at approximately $140 million. The deal, unanimously approved by both boards, gives Citizens shareholders a choice of shares or $53.50 cash per share, will add 14 branches in Missouri and is expected to be accretive to Southern Missouri Bancorp's EPS over the following fiscal years, subject to customary approvals.

CSX Corporation Acquires Pan Am Railways

April 14, 2022

Transportation

CSX Corporation (CSX) received approval from the Surface Transportation Board and completed its acquisition of Pan Am Railways, expanding CSX's network into New England. The deal brings Pan Am's ~1,200-mile regional rail network and access to multiple ports into CSX's eastern U.S. system to create expanded service opportunities for shippers across the region.

Canadian National Railway (CN) and Kansas City Southern (KCS) Pursue STB-Approved Voting Trust for Proposed Combination

July 7, 2021

Transportation

CN and Kansas City Southern (KCS) submitted arguments to the Surface Transportation Board (STB) supporting approval of a “plain vanilla” voting trust, which is described as an essential step toward the STB’s full review of their proposed end-to-end combination. The companies emphasize that the voting trust prevents premature control of KCS while preserving KCS independence and financial health during review, alongside pro-competitive commitments such as divestiture of a specific 70-mile overlap and an “open gateways” framework.