Welcome to our dedicated page for KSU news (Ticker: KSU), a resource for investors and traders seeking the latest updates and insights on KSU stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect KSU's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of KSU's position in the market.
Kansas City Southern (KSU) has completed its acquisition by Canadian Pacific Railway Limited (CP), valued at approximately USD $31 billion. KSU shareholders will receive 2.884 CP shares and $90 in cash per KSU share, alongside $37.50 for preferred shares. Following the deal, a voting trust has been established, headed by former KCS CEO Dave Starling, ensuring KCS's operational independence until the U.S. Surface Transportation Board approves CP's control. This merger aims to enhance rail competition across North America and unlock future synergies over three years post-approval.
Kansas City Southern (KSU) announced an improved CDP climate change disclosure score of A- for 2021, elevating its status to the “Leadership Level” category. This score reflects the company's commitment to reducing emissions through strategic investments and technological improvements. KCS also set a science-based carbon emissions reduction target approved by the Science Based Targets Initiative. The CDP, a respected environmental reporting standard, recognizes KCS for its transparency and leadership in environmental efforts.
Kansas City Southern (KSU) announced that 99.6% of shareholders voted in favor of its merger with Canadian Pacific Railway (CP) during a virtual special meeting. The merger will finalize on
Kansas City Southern (KSU) reported record grain shipments in October and November 2021, achieving new highs in daily average grain carloads. This achievement was driven by all-time low cross-border grain shuttle train cycle times, improving operational efficiency. KCS executives highlighted that these milestones stem from continuous improvement initiatives focused on enhancing customer service and operational performance, benefiting not just grain customers but all sectors served.
Kansas City Southern (KSU) is celebrating the 21st anniversary of its KCS Holiday Express program by raising funds for The Salvation Army in 21 U.S. communities. So far, the initiative has garnered nearly
Canadian Pacific Railway and Kansas City Southern have secured necessary regulatory approvals from COFECE and IFT for their merger. This milestone will enable the creation of the first single-line rail network across the U.S., Mexico, and Canada, enhancing capacity and competitive options in North American transportation. Stockholder votes are set for December 8 and 10, 2021. If approved, closing is anticipated by December 14, 2021. The Surface Transportation Board's review is expected to conclude by Q4 2022, impacting the future of the combined entity and its operational capabilities.
Canadian Pacific Railway Limited (CP) and Kansas City Southern (KCS) have received necessary regulatory approvals from Mexican authorities for their proposed merger. The combination aims to create a single-line rail network connecting the U.S., Mexico, and Canada, enhancing transportation options and supporting economic growth. Stockholder votes are scheduled for December 8 and 10, 2021, with the deal expected to close shortly after if approved. The Surface Transportation Board's review of the transaction is anticipated to conclude in Q4 2022.
Canadian Pacific Railway and Kansas City Southern have announced the completion of their joint merger application, accepted by the Surface Transportation Board. This decision marks a significant milestone for the companies as they work towards a regulatory review. Both leadership teams are optimistic about the merger's capacity to enhance the U.S. rail network, offering competitive transportation options and supporting economic growth. The regulatory review is expected to conclude in the fourth quarter of 2022, aiming to deliver various benefits to customers and stakeholders.
Kansas City Southern (KSU) announced a regular dividend of $0.25 per share for its 4% non-cumulative preferred stock, payable on January 18, 2022. for stockholders of record as of December 31, 2021.
Additionally, a dividend of $0.54 per share on common stock will be paid on January 19, 2022. However, if the merger with Canadian Pacific Railway closes before the record dates, these dividends will not be paid.
Kansas City Southern (KSU) has announced a virtual Special Meeting of Stockholders set for December 10, 2021, to vote on the proposed merger with Canadian Pacific Railway (CP), valued at approximately $31 billion. The agreement includes a cash and stock offer of $300 per KCS share, representing a 34% premium. Shareholders of record as of October 14, 2021, are eligible to vote. The deal has unanimous board support and is subject to regulatory approvals. Completion is anticipated by the first quarter of 2022, with full integration expected within three years.
