Kansas City Southern de Mexico

CN and Canadian Pacific vie for shippers’ and KCS shareholders’ favor

A photograph of a Kansas City Southern train in a rail yard.

Rivals CN (NYSE: CNI) and Canadian Pacific (NYSE: CP) are vying to win the public’s favor for which Canadian railway is better suited to merge with Kansas City Southern (NYSE: KSU).

CP and Kansas City Southern (KCS) announced their agreement to merge in March, while CN announced its plans to acquire KCS in April. In both situations, the end result would be a railroad with a network that touches both Canadian coasts and heads south through the U.S. Midwest and into Mexico.

On Monday, CP said more...

https://www.freightwaves.com/news/cn-and-canadian-pacific-vie-for-shippers-and-kcs-shareholders-favor

CP, CN argue merger merits before Surface Transportation Board

A photograph of a Kansas City Southern locomotive.

Rival railways CN (NYSE: CNI) and Canadian Pacific (NYSE: CP) on Wednesday pressed regulators to consider the merits of their competing requests to acquire Kansas City Southern (NYSE: KSU).

CP and Kansas City Southern (KCS) last month informed the Surface Transportation Board (STB) of how they plan to merge operations, while CN on Tuesday announced that it will seek to acquire KCS. For both combinations, the end result would be a railroad spanning both coasts of Canada and then south to the U.S....

https://www.freightwaves.com/news/cp-cn-argue-merger-merits-before-surface-transportation-board

Canadian Pacific slams CN’s bid to acquire Kansas City Southern

A photograph of a Canadian Pacific train in front of a grain elevator.

Canadian Pacific (NYSE: CP) slammed a bid by rival CN (NYSE: CNI) to acquire Kansas City Southern (NYSE: KSU), describing CN’s proposal as “massively complex and likely to fail” because it decreases competition and raises antitrust concerns, according to CP.  

On Tuesday, CN offered to acquire KCS in a cash-and-stock transaction valued at $33.7 billion. Less than a month ago, CP and Kansas City Southern (KCS) announced that they are planning to merge, pending regulatory and shareholder approval,...

https://www.freightwaves.com/news/canadian-pacific-slams-cns-bid-to-acquire-kansas-city-southern

CN, Kansas City Southern merger would target competition from trucks

A photograph of a Kansas City Southern train.

A merger between Canadian railway CN (NYSE: CNI) and Kansas City Southern (NYSE: KSU) would created a formidable opponent for what should be the industry’s largest threat: long-haul trucking, CN executives said Tuesday morning in their pitch to acquire Kansas City Southern (KCS).

“What’s really missing in North America at this point is a true north-south railroad … that can really rival with truck,” said CN President and CEO JJ Ruest in a call explaining the bid to Wall Street analysts and...

https://s29755.pcdn.co/news/cn-kansas-city-southern-merger-would-target-competition-from-trucks

News Alert: CN makes nearly $34 billion bid for Kansas City Southern

A photograph of a freight train crossing a long bridge.

Canadian railway CN (NYSE: CNI) has offered to acquire Kansas City Southern (NYSE: KSU) in a cash-and-stock transaction worth $33.7 billion, or $325 per share.

CN rival Canadian Pacific (NYSE: CP) last month announced plans to acquire Kansas City Southern (KCS) for $29 billion. 

CN said Tuesday morning the offer provides “greater value and certainty” to KCS shareholders. CN also will seek to establish a voting trust to acquire KCS, which is what CP was planning on doing for its merger with KCS.

“Un...

https://s29755.pcdn.co/news/news-alert-cn-makes-nearly-34-billion-bid-for-kansas-city-southern

Kansas City Southern bullish on late-2021 volumes

A photograph of a Kansas City Southern train.

Although Kansas City Southern (NYSE: KSU) executives were tight-lipped about how operations might look should it succeed in merging with Canadian Pacific (NYSE: CP), the railroad was upbeat Friday about its volume expectations for 2021.

Kansas City Southern (KCS) and CP announced plans last month to merge and are in the preliminary stages of a multimonth regulatory review before the Surface Transportation Board (STB).

KCS also reported Friday that its first-quarter net income was $153.4 million,...

https://s29755.pcdn.co/news/kansas-city-southern-bullish-on-late-2021-volumes

Justice Department, CP and KCS spar over rail merger process

A photograph of two locomotives. One is from Canadian Pacific and the other is from Kansas City Southern.

The U.S. Department of Justice (DOJ) and Canadian Pacific (NYSE: CP) disagree on whether CP’s use of a voting trust during its proposed acquisition of Kansas City Southern (NYSE: KSU) will interfere with how regulators review the merger.

To facilitate the merger, CP and Kansas City Southern (KCS) plan to establish a voting trust to acquire KCS shares, pending shareholder approval. CP says that putting KCS shares in a voting trust will insulate KCS from control by CP until the Surface...

https://www.freightwaves.com/news/justice-department-cp-and-kcs-spar-over-rail-merger-process

More shippers voice support of CP-KCS merger

A composite image consisting of two photographs of train locomotives.

More shippers and other stakeholders have lent their support to the proposed merger between Canadian Pacific (NYSE: CP) and Kansas City Southern (NYSE: KSU).

Forty-five customers, ports, transloading companies and others filed statements of support to the Surface Transportation Board (STB), the regulatory body that must ultimately approve CP’s acquisition of Kansas City Southern (KCS). The letters were collected and filed with the board by CP. CP estimates that 304 stakeholders have sent letters...

https://www.freightwaves.com/news/more-shippers-voice-support-of-cp-kcs-merger

Shippers, 4 Class I railroads press for STB scrutiny of CP-KCS merger

A photograph of a Kansas City Southern locomotive.

A number of rail shipping groups and four out of five Class I railroads are asking the Surface Transportation Board (STB) to examine the proposed merger of Canadian Pacific (NYSE: CP) and Kansas City Southern (NYSE: KSU) under a “new” litmus test of whether the merger would enhance market competition versus adversely affecting it.

Shippers’ take

In a Thursday filing to the board, the Freight Rail Customer Alliance, National Coal Transportation Alliance and Private Railcar Food and Beverage...

https://www.freightwaves.com/news/shippers-4-class-i-railroads-press-for-stb-scrutiny-of-cp-kcs-merger

Nearly 260 entities lend support to proposed CP-KCS merger

A photograph of a Kansas City Southern locomotive.

Vessel operators, industrial companies and agricultural interests are among those that are lending their support to Canadian Pacific’s (NYSE: CP) proposed acquisition of Kansas City Southern (NYSE: KSU).

Canadian Pacific (CP) submitted to the Surface Transportation Board (STB) on Wednesday a 531-page filing that included letters of support from 259 shippers, ports, local and state chambers of commerce and short line railroads.

CP’s proposed acquisition of Kansas City Southern (KCS) will be a...

https://s29755.pcdn.co/news/nearly-260-entities-lend-support-to-proposed-cp-kcs-merger

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