The Mexican Federal Economic Competition Commission and the Mexican Federal Telecommunications Institute have given regulatory approval of the proposed merger between Canadian Pacific and Kansas City Southern, both companies announced Friday.
CP (NYSE: CP) and KCS (NYSE: KSU) needed approval from Mexican regulators because KCS has operations in Mexico.
“This important milestone marks the next step on our path to creating the first single-line rail network linking the U.S., Mexico and Canada,”...
https://www.freightwaves.com/news/mexican-regulators-approve-cp-kcs-merger