The unfolding of the Kansas City Southern takeover saga
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Canadian Pacific Railway (CP) and Kansas City Southern (KSU) Execute Merger Agreement
September 15, 2021 9:27 AM EDTCanadian Pacific Railway Limited (NYSE: CP) and Kansas City Southern (NYSE: KSU) today announced they have entered into a merger agreement, under which CP has agreed to acquire KCS in a stock and cash transaction representing an enterprise value of approximately USD$31 billion1, which includes the assumption of $3.8 billion of outstanding KCS debt. The transaction, which has the unanimous support of both boards of directors, values KCS at $300 per share, representing a 34 percent... More
