Canadian Pacific Kansas City Limited

Canadian Pacific Railway Ltd. operates as a holding company, which engages in the provision of rail services. It offers a suite of freight transportation services, logistics solutions and supply chain expertise. The company was founded in 1881 and is headquartered in Calgary, Canada.

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Canadian Pacific Kansas City Ltd. engages in the provision of rail freight transportation services. It offers rail services linking Canada, the United States and Mexico. The company was founded on June 22, 2001, and is headquartered in Calgary, Canada.

Canadian Pacific is moving very close to a possible KSU merger, as there seems to be no other way for KSU than to accept CP's attractive proposal. While the deal comes with financial uncertainty for many reasons, I have little doubt that a future CPKC company will deliver outperforming value for its shareholders.

Canadian Pacific: This Is Looking Very Good

Per management, Kansas City Southern (KSU) will nullify the deal inked with Canadian National, if the latter does not come up with a better offer by Sep 17.

Is KSU Likely to Accept Canadian Pacific's Takeover Offer?

Kansas City Southern

Kansas City Southern's board of directors confirmed that it has declared Canadian Pacific's bid to acquire KCS as “superior,” thus diminishing the prospects of an acquisition by rival CN. “The KCS Board of Directors determined that CP's revised proposal constitutes a ‘Company Superior Proposal' as defined in KCS's merger agreement with Canadian National Railway,” KCS said Sunday.

KCS declares Canadian Pacific's merger offer as ‘superior'

Kansas City Southern has decided that a $31 billion bid from Canadian Pacific is the best of two offers on the table to buy the railroad.

Kansas City Southern picks Canadian Pacific's $31 billion bid for railroad

(Reuters) -Kansas City Southern said on Sunday it has received a revised proposal from Canadian Pacific, which the board determined was superior to the offer from Canadian National Railway.

Kansas City Southern determines Canadian Pacific bid superior to other offer

CP looks forward to executing definitive merger agreement with KCS CALGARY, AB, Sept. 12, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") today announced that it has completed negotiations of a proposed merger agreement with Kansas City Southern ("KCS"), which the KCS Board of Directors has deemed a "Company Superior Proposal.

CP Offer for KCS Declared "Company Superior Proposal" by KCS Board

KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (NYSE: KSU) (“KCS”) today announced that the KCS Board of Directors determined that CP's revised proposal constitutes a “Company Superior Proposal” as defined in KCS's merger agreement with Canadian National Railway Company (TSX: CNR, NYSE: CNI) (“CN”). The KCS Board of Directors made this determination after consultation with the Company's outside legal and financial advisors. Under the terms of CP's proposal, each share of KCS common sto

Kansas City Southern Receives Revised Proposal from Canadian Pacific That Board of Directors Determines is a "Company Superior Proposal"

AP Moller - Maersk A/S

A transload facility at Vancouver developed by Maersk and Canadian Pacific is open for business. The new Pacific Transload Express facility will bring more speed and agility to demand fluctuations while also reducing demurrage and detention costs, Maersk touted Thursday.

Maersk and Canadian Pacific open Vancouver transload facility

Kansas City Southern is in talks with Canadian Pacific to determine whether its $31 billion bid for the railroad is the best offer on the table after regulators rejected a key part of Canadian National's $33.6 billion bid last week.

Kansas City Southern in talks on Canadian Pacific's $31B bid

Kansas City Southern's (KSU) willingness to interact over its takeover by Canadian Pacific (CP) pleases the latter.

KSU to Reconsider CP's $31 Billion Offer, To Open a Dialogue

Welcomes KCS Board of Directors' Determination that CP's Offer Reasonably Expected to Lead to "Company Superior Proposal" CALGARY, AB, Sept. 4, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") today said it is ready to re-engage with the Kansas City Board of Directors following its determination that CP's revised offer can reasonably be expected to lead to a "Company Superior Proposal.

CP looks forward to re-engaging with KCS to form CP-KCS, the only achievable Class 1 combination

KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (NYSE: KSU) (“KCS”) today announced that its Board of Directors has unanimously determined, after consultation with the Company's outside legal and financial advisors, that the unsolicited proposal received from Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") on August 31, 2021, to acquire KCS in a cash and stock transaction valued by CP at $300 per KCS share could reasonably be expected to lead to a “Company Superior Proposal

Kansas City Southern Board of Directors Determines Proposal From Canadian Pacific Railway Could Reasonably Be Expected to Lead to a “Superior Proposal”

Kansas City Southern shareholders are holding off on voting on merger proposals from CN and, apparently, Canadian Pacific until late September. The announcement of the postponement referenced votes “on the previously announced definitive merger agreement with CN … and other proposals ….

KCS punts merger vote until late September

It's up to Kansas City Southern's shareholders now to determine whether the railway will continue its plan to merge with CN or revert to Canadian Pacific. CP President and CEO Keith Creel is standing firm on a Sept.

KCS shareholders in hot seat as CP sets deadline on merger offer

After U.S. regulators rejected a rival offer from Canadian National for KCS, Canadian Pacific set a Sept. 12 deadline for its offer.

Canadian Pacific Aims to Win Kansas City Southern in Railroad Merger Battle

CN-KCS merger proposal proven illusory as STB notes significant threats to competition A CP-KCS combination offers short- and long-term value with regulatory certainty and CP today has written KCS board to affirm August 10 CP offer CALGARY, AB, Aug. 31, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today said the Surface Transportation Board's ("STB") decision to refuse Canadian National ("CN") and Kansas City Southern's ("KCS") joint motion for voting trust approval is the right one for rail shippers, the freight rail industry and the North American economy. "The STB decision clearly shows that the CN-KCS merger proposal is illusory and not achievable," said Keith Creel, CP President and CEO.

STB Unanimously Rejects CN Voting Trust Leaving KCS in Position to Choose CP as the Right Partner

Canadian Pacific (CP) reported earnings 30 days ago. What's next for the stock?

Why Is Canadian Pacific (CP) Down 3.2% Since Last Earnings Report?

CALGARY, AB, Aug. 19, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") today issued the following statement on the Kansas City Southern ("KCS") Board of Directors' action today to postpone its Aug. 19 special meeting of stockholders to Sept. 3: By rightly postponing Thursday's meeting, the KCS Board of Directors appropriately will allow stockholders to have access to all the information needed before voting on the CN-KCS merger proposal, including the critical decision by the Surface Transportation Board ("STB") on the Canadian National ("CN") proposed voting trust.

CP Applauds KCS Board's Action to Adjourn Stockholder Meeting so Stockholders Can Fully Consider an STB Decision on CN Voting Trust

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Regular readers of my work will know I like to keep a close eye on the activities of TCI Fund Management, one of the best-performing hedge funds of all time.

Top-Performing TCI Bulks Up Railroad Stocks

Kansas City Southern (KSU) and Canadian National expect a favorable regulatory decision regarding the voting trust.

KSU Not Tempted by CP's Revised Proposal, Sticks to CNI Offer

Second Proxy Advisor to Call on KCS Stockholders to Adjourn Stockholder Meeting; Provides Detailed Analysis Including That Some Investors May See Merger Proposals as "Equal at this Juncture" CALGARY, AB, Aug. 13, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") today welcomed proxy advisor Glass Lewis & Co. LLC's (Glass Lewis) recommendation that Kansas City Southern ("KCS") stockholders "ABSTAIN" from voting to adopt the proposed merger agreement between KCS and Canadian National Railway Company ("CN"). Glass Lewis also noted that with CP's revised offer, investors may see the CN-KCS and CP-KCS proposals as "effectively equal at this juncture.

CP Welcomes Glass Lewis Call for KCS Stockholders to "ABSTAIN" From Voting to Approve CN-KCS Merger Proposal

Kansas City Southern's board of directors spurned Canadian Pacific's revised offer to acquire KCS, but it could also hold off on a vote that would seal KCS' commitment to merge with CN.  KCS (NYSE: KSU) late Thursday determined that CN's (NYSE: CNI) bid to acquire KCS is still the “superior proposal,” turning down CP's revised offer.

KCS declines Canadian Pacific's revised, $31B takeover offer

Calls on Stockholders to Adjourn the Aug. 19 Stockholder Meeting Absent an STB Decision Unconditionally Approving the CN Voting Trust by Aug. 17 CALGARY, AB, Aug. 12, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") today commended proxy advisor Institutional Shareholder Services Inc. ("ISS") for recommending KCS stockholders "ABSTAIN" from voting to approve the CN-KCS merger proposal. ISS said that "to ensure that shareholders are able to make a fully-informed decision" on the merger proposal and are able to fully understand any potential CN voting trust decision from the Surface Transportation Board ("STB"), stockholders are recommended to "ABSTAIN" on the vote for the merger agreement and continue to support the adjournment proposal.

CP Commends Proxy Advisor ISS for Recommending KCS Stockholders "ABSTAIN" From Voting to Approve CN-KCS Merger Proposal

Kansas City Southern railroad is trying to keep its $33.6 billion merger with Canadian National on track by rejecting a competing $31 billion bid from rival Canadian Pacific earlier this week.

Kansas City Southern rejects new bid from Canadian Pacific

KCS Board Rightly Says Stockholders Should Have Benefit of the STB Decision to Make an Informed Decision and Be Able to Consider Alternative Proposals CP Offer Provides Greater Regulatory and Value Certainty CALGARY, AB, Aug. 12, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") today issued the following statement on the announcement by the Kansas City Southern ("KCS") Board of Directors that it will adjourn its scheduled Aug. 19 special meeting of stockholders if the Surface Transportation Board ("STB") has not ruled on Canadian National Railway Company's ("CN") trust proposal by Aug. 17, 2021. We applaud the KCS Board of Directors' decision to adjourn the Aug. 19 stockholder meeting absent a decision from the STB to "give all shareholders and the Board time to receive and consider the STB decision.

News for Canadian Pacific Kansas City Limited Stock (CP)