Canadian Pacific Kansas City Limited Stock Price, News & Analysis

Canadian Pacific Railway and Kansas City Southern have secured necessary regulatory approvals from COFECE and IFT for their merger. This milestone will enable the creation of the first single-line rail network across the U.S., Mexico, and Canada, enhancing capacity and competitive options in North American transportation. Stockholder votes are set for December 8 and 10, 2021. If approved, closing is anticipated by December 14, 2021. The Surface Transportation Board's review is expected to conclude by Q4 2022, impacting the future of the combined entity and its operational capabilities.

Canadian Pacific Railway Limited (CP) and Kansas City Southern (KCS) have received necessary regulatory approvals from Mexican authorities for their proposed merger. The combination aims to create a single-line rail network connecting the U.S., Mexico, and Canada, enhancing transportation options and supporting economic growth. Stockholder votes are scheduled for December 8 and 10, 2021, with the deal expected to close shortly after if approved. The Surface Transportation Board's review of the transaction is anticipated to conclude in Q4 2022.

Keith Creel, President and CEO of Canadian Pacific, has been awarded the titles of 2021 CEO of the Year and Strategist of the Year by The Globe and Mail's Report on Business Magazine. This recognition highlights Mr. Creel's leadership, especially in establishing a significant partnership with Kansas City Southern. Since becoming CEO in 2017, he has steered CP towards creating a unified rail network across North America, enhancing transportation options and economic growth. The full profile of Mr. Creel will be featured in the November 27, 2021 issue of the magazine.

Canadian Pacific Railway and Kansas City Southern have announced the completion of their joint merger application, accepted by the Surface Transportation Board. This decision marks a significant milestone for the companies as they work towards a regulatory review. Both leadership teams are optimistic about the merger's capacity to enhance the U.S. rail network, offering competitive transportation options and supporting economic growth. The regulatory review is expected to conclude in the fourth quarter of 2022, aiming to deliver various benefits to customers and stakeholders.

Canadian Pacific Railway Limited (CP) and Kansas City Southern (KCS) announced the Surface Transportation Board (STB) has accepted their joint merger application as complete. This milestone initiates a regulatory review aimed at enhancing the U.S. rail network's capacity and providing competitive transportation options. The STB has set a procedural schedule, with final briefs due by July 1, 2022, and expects to complete its review by Q4 2022. The merger is anticipated to support economic growth across North America.

Canadian Pacific (TSX: CP) has pledged $100,000 to the Canadian Red Cross to aid recovery efforts for the 2021 British Columbia Floods. This contribution supports residents affected by extreme weather and helps provide essential supplies. CP President Keith Creel emphasized the importance of assisting those in need while restoring the rail network. Additionally, CP will match employee donations to the Red Cross, encouraging support from employees across Canada and the United States. The company has also facilitated food deliveries and aid for local communities impacted by the disaster.

Canadian Pacific (TSX: CP) (NYSE: CP) announced the reopening of its railway between Kamloops, B.C., and Vancouver by midday on November 23, following severe damage from a November 14 atmospheric river event. Over 200mm of rain caused significant infrastructure damage across 30 sites. CP mobilized hundreds of employees, utilized over 80 pieces of heavy equipment, and moved 150,000 cubic yards of material to restore service. The company is now focusing on clearing backlogs and coordinating with customers to resume operations effectively and support local communities affected by the storm.

Canadian Pacific Railway Limited (CP) announced a C$2.2 billion debt offering comprising C$1.0 billion in 1.589% Notes due 2023 and C$1.2 billion in 2.540% Notes due 2028, set to close on November 24, 2021. The offering aims to partially fund the acquisition of Kansas City Southern (KCS) common and preferred stock. The offering proceeds will be guaranteed by CP and involves multiple financial institutions. Additionally, CP is issuing US$6.7 billion of notes under a shelf registration in the U.S. The news includes forward-looking statements regarding the transaction with KCS.