Canadian Pacific Railway Ltd. agreed to acquire Kansas City Southern in a merger valued at about $25 billion that would create the first freight-rail network linking Mexico, the U.S. and Canada.
The companies said Sunday their boards agreed to a deal that values Kansas City at $275 a share in a combination of cash and stock. Kansas City investors will receive 0.489 of a Canadian Pacific share and $90 in cash for each Kansas City common share held. If approved by regulators, the deal would unite two of the major North American freight carriers, linking factories and ports in Mexico, farms and plants in the Midwestern U.S. and Canada’s ocean ports and energy resources.
The combined company would have about $8.7 billion in annual revenue and employ nearly 20,000 people. It would be run by Canadian Pacific CEO Keith Creel.
This deal seems to be relatively fair from the surface especially for shareholders. However, I can't imagine that this will not raise anti-trust questions. I hope it goes through, though. It will have great economic impact for all three countries.
Except.. It didn't. And its still down from Fridays close.
no doubt exporters would be appreciative of consolidate end to end freight solutions
All I can see someone is already building the path for Snowpiercer
We could have a safer and less expensive way to transport energy but that one didn’t pay POTUS off.
$KSU shareholders are getting shafted. KSU is one of the greatest companies and just accepted a lowball offer. What is this board thinking?
wowza... imagine the value when _AirMatrix_ connects skyways linking hundreds if cities together 🚀 LFG
Yes yes yes.👍👽
Who is John Galt?
Good! Canada should move oil with this, not by digging half of America!
Wonderful news for the environment and drug traffic
For some reasons I smell narcotics have something to do with the deal.
🇷🇺13:40-The Russian Gamaleya Research Institute of Epidemiology and Microbiology will send three researchers to Rome where the Lazzaro Spallanzani National Institute for Infectious Diseases is set to study the Sputnik V coronavirus vaccine. 🛑Hate and police persecution of 🇪🇸 👇
Holy oil movement - no XL.
I am recently in your country, looking for new friends