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Last month, final approval for the transaction was given in the United States, which paved the way for the merger. (Photo: The Canadian Press)
The merger between Canadian Pacific and Kansas City Southern is formalized
Calgary — The Canadian Pacific Railway (CP) and the American company Kansas City Southern (KCS) have officially merged to create the Canadian Pacific Kansas City (CPKC).
CP completed the acquisition of KCS for US$31 billion in December 2021, but placed KCS shares in a voting trust, allowing the US railroad to operate independently during regulatory review .
Last month, final approval for the transaction was given in the United States, which paved the way for the merger.
The new company will inaugurate a new marshalling office on Friday, which will be the future location of its operations center in the United States.
The railroad’s shares will remain listed on the Toronto Stock Exchange and the New York Stock Exchange under the symbol CP and are expected to begin trading under the new name on April 18.
Calgary — The Canadian Pacific Railway (CP) and the American company Kansas City Southern (KCS) have officially merged to create the Canadian Pacific Kansas City (CPKC).
CP completed the acquisition of KCS for US$31 billion in December 2021, but placed KCS shares in a voting trust, allowing the US railroad to operate independently during regulatory review .
Last month, final approval for the transaction was given in the United States, which paved the way for the merger.
The new company will inaugurate a new marshalling office on Friday, which will be the future location of its operations center in the United States.
The railroad’s shares will remain listed on the Toronto Stock Exchange and the New York Stock Exchange under the symbol CP and are expected to begin trading under the new name on April 18.