News Formal

CP-KCS deal wins OK from foreign investment committee in U.S.

  • 📰 CHEK_News
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 55%

Business News News

Business Business Latest News,Business Business Headlines

Canadian Pacific Railway Ltd. says it has received regulatory approval from the Committee on Foreign Investment in the United States for its acquisition of Kansas City Southern.

CP agreed last year to buy KCS in an agreement valued at US$31 billion, including the assumption of US$3.8 billion of debt.The deal closed in December, but the shares of KCS were placed into a voting trust that allows the U.S.

railway to operate independently while the U.S. Surface Transportation Board completes its review.Sign up for our newsletter to get breaking news and daily digests sent to your email.The combination of the companies would create the only single-line railroad linking the United States, Mexico and Canada.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 59. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CP Rail-Kansas City Southern deal wins approval from U.S. foreign investment committeeCanadian Pacific Railway Ltd. agreed to buy Kansas City Southern in an agreement valued at US$31 billion last year. Read more
Source: financialpost - 🏆 7. / 85 Read more »

CP Rail-Kansas City Southern deal wins approval from U.S. foreign investment committeeCanadian Pacific Railway Ltd. agreed to buy Kansas City Southern in an agreement valued at US$31 billion last year. Read more
Source: nationalpost - 🏆 10. / 80 Read more »