Canadian Pacific Kansas City Limited Stock Price, News & Analysis

Canadian Pacific (TSX: CP) will have its Executive Vice-President and Chief Marketing Officer, John Brooks, speak at the Scotiabank Transportation & Industrials Conference on Nov. 16, 2021, at 9:15 a.m. ET. The conference will be accessible via a live audio webcast on CP's investor site, with replays available afterwards. Canadian Pacific is a key transcontinental railway connecting major North American ports and providing comprehensive freight transportation, logistics solutions, and supply chain expertise.

Kansas City Southern (KSU) has announced a virtual Special Meeting of Stockholders set for December 10, 2021, to vote on the proposed merger with Canadian Pacific Railway (CP), valued at approximately $31 billion. The agreement includes a cash and stock offer of $300 per KCS share, representing a 34% premium. Shareholders of record as of October 14, 2021, are eligible to vote. The deal has unanimous board support and is subject to regulatory approvals. Completion is anticipated by the first quarter of 2022, with full integration expected within three years.

Canadian Pacific Railway Limited (CP) has scheduled a virtual Special Meeting of Shareholders for December 8, 2021, to vote on the issuance of common shares to Kansas City Southern (KCS) stockholders as part of a proposed USD $31 billion acquisition. The deal includes a 34% premium on KCS shares, valued at $300 each. Shareholders of record as of November 1, 2021, are eligible to vote. The transaction aims to establish the first U.S.-Mexico-Canada rail network, enhancing competition and capacity in the U.S. rail sector.

Canadian Pacific (TSX: CP) has announced the winners of its Elevators of the Year for the 2020-2021 crop year: G3 Pasqua (Canada) and CHS Northland Grain Hazel (U.S.). Both facilities have received this award multiple times, showcasing their efficiency and commitment to safety. G3 Pasqua is recognized for its innovative grain supply chain operations, while CHS Northland Grain Hazel effectively loads up to 110-car trains. CP emphasizes collaboration with these facilities to improve grain handling efficiency and safety across North America.

Canadian Pacific (TSX: CP) announced a significant expansion of its Hydrogen Locomotive Program, receiving a $15 million grant from Emissions Reduction Alberta (ERA). This funding will increase hydrogen locomotive conversions from one to three and establish hydrogen production and fueling facilities in Alberta. CP's President, Keith Creel, emphasized the company’s commitment to climate change solutions. The initiative aims to create a global center of excellence in hydrogen and freight rail systems while showcasing innovative technology for decarbonizing the heavy-freight sector.

Canadian Pacific Railway and Kansas City Southern have jointly filed an application with the Surface Transportation Board to create Canadian Pacific Kansas City (CPKC), the first single-line railroad connecting the U.S., Mexico, and Canada. This historic merger could enhance competition, create over 1,000 jobs, and generate more than $275 million in infrastructure investment over three years. The acquisition, valued at $31 billion, includes KCS debts and aims to reduce greenhouse gas emissions significantly. Shareholder votes are anticipated later this year.

Canadian Pacific Railway Limited (TSX: CP) and Kansas City Southern (NYSE: KSU) have submitted a joint application to the Surface Transportation Board (STB) for a merger to form Canadian Pacific Kansas City (CPKC), uniting the rail networks of the U.S., Mexico, and Canada. The transaction, valued at approximately $31 billion, includes a 34% premium for KCS shareholders based on their closing price prior to the offer. CPKC aims to enhance competition, create over 1,000 new jobs, and invest $275 million in infrastructure over three years.

Canadian Pacific Railway Limited (TSX: CP) reported Q3 revenues of $1.94 billion, marking a 4% increase from last year. However, diluted earnings per share (EPS) fell 20% to $0.70, while adjusted EPS rose 7% to $0.88. The operating ratio (OR) increased by 200 basis points to 60.2% due to KCS acquisition costs. CP anticipates low single-digit volume growth in 2021 and remains confident in delivering full-year double-digit adjusted EPS growth despite supply chain challenges and a tough Canadian grain crop.