The Surface Transportation Board approves, with certain conditions, the acquisition of control by Canadian Pacific Railway Limited (CP), through its indirect, wholly owned subsidiary, Cygnus Merger Sub 2 Corporation, of Kansas City Southern (KSU), and through it, of The Kansas City Southern Railway Company and its railroad affiliates, and for the resulting common control by Canadian Pacific of its U.S. railroad subsidiaries, and KCSR and its railroad affiliates, according to a notice posted to the site of the regulator.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on CP:
- Canadian Pacific and Kansas City Southern combination approved by U.S. Surface Transportation Board
- Canadian Pacific upgraded to Outperform from Sector Perform at Scotiabank
- Canadian Pacific put volume heavy and directionally bearish
- CP announces ratification of collective agreement with Soo Line BLET
- North American rail traffic down 4.4% for the week ending March 4
