Canadian Pacific Kansas City Limited - CP STOCK NEWS

Canadian Pacific Railway Limited (CP) and Kansas City Southern (KCS) have secured additional support from over 75 customers and stakeholders, totaling more than 375 endorsements for their proposed U.S.-Mexico-Canada rail network. The supporters, including major companies like XPO Logistics and Dollarama, express confidence that the merger will enhance transportation competition, improve service offerings, and increase market access. CP is seeking approval from the Surface Transportation Board (STB), with a decision anticipated by mid-2022.

On April 6, 2021, Canadian Pacific Railway Limited (CP) and Kansas City Southern (KCS) announced that over 300 shippers and stakeholders have filed letters with the Surface Transportation Board (STB) supporting their proposed rail network combining the U.S., Mexico, and Canada. Notable supporters include SSAB and Domtar, highlighting benefits such as increased competition and improved service efficiency. The STB's review is expected to conclude by mid-2022, pending approval from CP and KCS shareholders. The combination aims to enhance market access while maintaining a smaller footprint among U.S. Class 1 railroads.

Canadian Pacific Railway and Kansas City Southern announced that over 300 stakeholders, including major customers and ports, have expressed support for their planned U.S.-Mexico-Canada rail network. Key supporters, such as SSAB and the Port of New Orleans, anticipate benefits like enhanced transportation competition, access to markets, and improved service offerings. The approval process from the Surface Transportation Board is ongoing, with a completion anticipated by mid-2022. The merger aims to create a more competitive alternative in the rail sector while maintaining the smallest revenue size among major U.S. Class 1 railroads.

Canadian Pacific and Kansas City Southern have garnered support from nearly 260 entities, including railroads and shippers, for their merger aimed at establishing the first rail network connecting the U.S., Mexico, and Canada. The combination is anticipated to enhance competition, improve service efficiency, and spur economic growth across North America. Significant players like Maersk and Kraft are advocating for expedited approval from the Surface Transportation Board, highlighting benefits such as improved transit times and expanded market access. The STB review is expected to conclude by mid-2022.

Canadian Pacific Railway Limited (CP) and Kansas City Southern (KCS) are advancing their merger plans, receiving support from nearly 260 stakeholders including shippers and industry leaders. This combination aims to create a robust rail network linking the U.S., Mexico, and Canada, enhancing transportation competition and market access. The merger is expected to improve service efficiency for various sectors while adding jobs and yielding environmental benefits. Approval from the Surface Transportation Board and shareholders is required, with a review expected to conclude by mid-2022.

Canadian Pacific (TSX: CP) will release its Q1 2021 financial results on April 21, 2021, after market close. A conference call for discussing the results will commence at 4:30 p.m. ET. Participants can join via a dial-in number or access the webcast through CP's Investors section. A replay of the call will be available until April 28, 2021. Canadian Pacific provides competitive rail service across North America, linking major ports and offering freight transportation services.

Canadian Pacific Railway Limited (CP) has announced contract amendments with President and CEO Keith Creel, extending his leadership role until at least early 2026. This move is linked to CP's acquisition of Kansas City Southern (KCS), which will combine both companies, pending regulatory approvals. Since assuming the CEO position in 2017, Creel has overseen a 150% increase in CP's share price and maintained its status as the safest Class 1 railroad in North America for 15 consecutive years. The integration aims to enhance operational efficiency and shareholder value.

Canadian Pacific Railway (CP) and Kansas City Southern (KCS) announced a merger agreement worth approximately $29 billion, including $3.8 billion of KCS debt. The deal values KCS at $275 per share, a 23% premium. Once approved, the merger will create the first rail network connecting Canada, the U.S., and Mexico, enhancing competition and service for customers. The combined entity is projected to generate $780 million in annualized synergies and is expected to be accretive to CP's adjusted EPS in the first year post-acquisition. CP will issue 44.5 million shares and raise $8.6 billion in debt for the transaction.

Canadian Pacific Railway Limited (CP) has announced a merger agreement to acquire Kansas City Southern (KCS) for approximately USD $29 billion, including KCS's $3.8 billion debt. This deal represents a 23% premium on KCS stock, translating to $275 per share. The merger aims to create the first rail network linking the U.S., Mexico, and Canada, enhancing service options and market reach. Expected synergies include $780 million annually over three years, with the transaction anticipated to be accretive to CP’s EPS. The merger is subject to regulatory approval.