Canadian Pacific Kansas City Limited - CP STOCK NEWS

Canadian Pacific (TSX: CP) (NYSE: CP) announced it received an unsolicited mini-tender offer from TRC Capital Investment Corporation for up to 1.5 million shares at C$88.50 each, representing about 0.16% of its outstanding shares. CP advises shareholders to reject this offer, as it is priced 4.37% to 4.49% below market value as of May 2, 2022. CP also emphasizes that it has no ties to TRC Capital and highlights the SEC's warnings regarding below-market mini-tender offers, encouraging investors to consult the provided resources for further information.

Canadian Pacific Railway Limited (TSX: CP) reported a 6% decrease in revenues for Q1 2022, totaling $1.84 billion, down from $1.96 billion the previous year. The Operating Ratio rose to 70.9%, a significant increase of 1,070 basis points. Reported diluted EPS was $0.63, reflecting a 30% decline. Core adjusted diluted EPS stood at $0.67. The company aims to create a single-line rail network connecting Canada, the U.S., and Mexico, pending regulatory approval. CP remains optimistic about future opportunities despite the challenging operating environment.

Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) reported the successful passage of all shareholder resolutions at its 2022 annual meeting held on April 27, 2022. All nine nominated directors were elected, receiving at least 94.66% of votes cast. The advisory vote on executive compensation ('Say on Pay') achieved 92.52% approval, while the vote on CP's climate change strategy received 86.88% approval. Ernst & Young LLP was appointed as auditor with 99.56% approval. Detailed voting results are available on SEDAR and EDGAR.

Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) announced a quarterly dividend of $0.19 per share on April 26, 2022. The dividend will be payable on July 25, 2022 to shareholders on record as of June 24, 2022. This dividend qualifies as an "eligible" dividend under the Canadian Income Tax Act. Canadian Pacific operates a transcontinental railway connecting major ports in Canada and the U.S., providing competitive rail service and logistics solutions to customers across North America.

Canadian Pacific (NYSE: CP) and Hapag-Lloyd AG have announced a new seasonal call into Port Saint John, enhancing their shipping services for North American markets. This additional service follows the inaugural call in May 2021, with CP rail connections to inland markets. The port is undergoing modernization to increase capacity to 800,000 TEUs. The strategic link between CP's rail network and Port Saint John is projected to create significant logistical advantages, facilitating faster connections to key cities like Montreal and Chicago.

Canadian Pacific (TSX: CP) will announce its first-quarter 2022 financial and operational results after the market close on April 27, 2022. A conference call to discuss these results will take place at 4:30 p.m. ET on the same day. Interested participants can access the call via phone or webcast, with options available for international listeners. The replay of the conference call will be accessible until May 4, 2022. Canadian Pacific is a transcontinental railway offering competitive rail service across North America.

Canadian Pacific Railway Limited (TSX: CP) has filed its notice of meeting and management proxy circular for the 2022 annual and special meeting of shareholders. Scheduled for April 27, 2022, at 9 a.m. MT, the meeting will be held virtually. Shareholders can vote by proxy in advance or participate online during the meeting. Detailed participation instructions and a Virtual AGM User Guide are available on investor.cpr.ca. This enables shareholders to vote and submit questions remotely, ensuring continued engagement despite the lack of in-person attendance.

Canadian Pacific Railway Limited (TSX: CP) has reached an agreement with the Teamsters Canada Rail Conference (TCRC) to enter into binding arbitration, effectively ending a work stoppage. President and CEO Keith Creel expressed satisfaction with the resolution, enabling the company to resume essential services for customers and the North American supply chain starting at noon local time on Tuesday. The TCRC represents approximately 3,000 workers, including locomotive engineers and conductors. CP plans to swiftly restore normal train operations across Canada.