CP and KCS merger will create first Canda-US-Mexico rail network

Canadian Pacific Rail (CP) is set to buy Kansas City Southern (KCS) for $29bn, in a stock and cash transaction.
If approved by the US Surface Transportation Board (STB), the deal will create the first railway that connects Canada, the US and Mexico, and includes the assumption of $3.8bn of outstanding KCS debt.
CP president & CEO Keith Creel said: “This transaction will be transformative for North America, providing significant positive impacts …

The post CP and KCS merger will create first Canda-US-Mexico rail network appeared first on The Loadstar.

Source: The Loadstar

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