Kansas City Southern de Mexico
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Rail
KCS agrees to merge with CP, nixes plans with CN
Kansas City Southern returns to its old flame and opts to merge with Canadian Pacific. Rival railway CN acknowledges its merger plans have been scrapped.
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Rail
KCS declares Canadian Pacific’s merger offer as ‘superior’
Kansas City Southern is returning to its original merger partner after federal regulators rejected CN’s proposed voting trust, which would’ve been used to acquire KCS.
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Rail
Canadian Pacific submits revised offer to acquire Kansas City Southern
CP is offering a stock-and-cash “superior proposal” worth an estimated US$31 billion.
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Rail
Kansas City Southern expects strong market for rail in second half of 2021
Despite headwinds, KCS thinks it can still achieve double-digit revenue growth for 2021.
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Rail
Merger money cuts into Kansas City Southern’s Q2 profit
The $700 million fee to terminate a merger agreement with Canadian Pacific dented KCS’ second-quarter net income. But revenues were up 37% year-over-year.
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Rail
American Chemistry Council urges caution on Class I mergers
The American Chemistry Council, which represents chemicals shippers, wants the Surface Transportation Board to scrutinize proposed Class I rail mergers to ensure that shippers don’t…
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Rail
CN and KCS seek to divest 70 miles of track in Louisiana
To sweeten the voting trust application before regulators, CN and Kansas City Southern are offering to divest 70 miles of a KCS line in an…
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Rail
Kansas City Southern chooses CN bid, terminates CP merger agreement
Kansas City Southern has opted for CN’s merger offer. It is terminating an existing merger agreement it has with Canadian Pacific.
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Rail
Unions, industry observers weigh in on KCS merger bids
Four rail labor groups have banded together to warn regulators about potential post-merger efforts to trim labor costs, while investment banking firm Cowen says regulators’…
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Rail
CP signals no counterbid, asks KCS board to reject CN
Canadian Pacific wants Kansas City Southern to reject CN’s competing merger offer. The railway also said it won’t engage in a bidding war.
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