Tag: merger

Analysis: Do railroad mergers match their rosy growth projections?

From a growth perspective, the Class I merger record is mixed over the long term By Bill Stephens for trains.com Do railroad mergers live up to the hype? It’s a question that’s been rattling around in my head as federal regulators review the Canadian Pacific-Kansas City Southern merger, the first between Class I railroads in […]

One of two Canadian railroads bidding for Kansas City Southern drops out.

By Lauren Hirsch for nytimes.com Canadian Pacific has emerged as the winner in a long-running battle to acquire Kansas City Southern, putting it in position to become the first railroad operator whose network extends from Canada to Mexico. Its rival in the bidding, Canadian National, said on Wednesday that it had received notice from Kansas […]

Railroad bidding war back on; Canadian Pac ups bid for KSU

Canadian Pacific is upping its offer for Kansas City Southern to approximately $31 billion, potentially reigniting a bidding war with rival railroad Canadian National By The Associated Press NEW YORK — Canadian Pacific has upped its offer for Kansas City Southern to approximately $31 billion, potentially reigniting a bidding war with rival railroad Canadian National. […]

Biden’s Antitrust Initiative Threatens a Big Railroad Takeover

Canadian National’s prickly relationship with Amtrak could lead regulators to block its plan to acquire Kansas City Southern. By Brooke Sutherland for bloomberg.com Kansas City Southern investors are right to worry that the Biden administration’s tougher stance on antitrust enforcement may signal trouble for the company’s $34 billion plan to sell itself to Canadian National Railway Co. […]

Union Pacific warns about downstream impacts of KCS merger

UP also expects 2021 volumes to be 6% higher than 2020 By Joanna Marsh for freightwaves.com Any merger involving Kansas City Southern (NYSE: KSU) and either Canadian Pacific (NYSE: CP) or CN (NYSE: CNI) should be scrutinized by regulators to ensure that the combined railroad doesn’t cause downstream impacts to the value of competing railroads, the head of Union Pacific (NYSE: UNP) said […]

DOJ Calls $30 Billion Railroad Merger Plan a “Mockery” of Regulation

By Lou Whiteman for nasdaq.com The Department of Justice has some doubts about a novel merger arrangement between Canadian Pacific (NYSE: CP) and Kansas City Southern (NYSE: KSU), calling into question whether Kansas City Southern shareholders will get their payout this summer as hoped. Canadian Pacific (CP) and Kansas City Southern (KCS) last month announced plans to combine in a deal worth […]

The big question: Will CP+KCS prompt more railroad mergers?

CP-Kansas City Southern combination could be a test of Class I mergers By Bill Stephens for trains.com Will Canadian Pacific’s proposed acquisition of Kansas City Southern be the spark that ignites the final round of railroad consolidation in North America? It’s a question that’s been coming up since CP and KCS announced their blockbuster $29 […]

Canadian Pacific-KC Southern Tie-Up May Be the Last Big Rail Deal

Any further consolidation would get much tougher scrutiny from industry regulators. By Brooke Sutherland for bloomberg.com Canadian Pacific Railway Ltd. has finally found the right target to realize its vision for railroad consolidation. The company agreed in March to acquire Kansas City Southern for $275 a share, or about $29 billion including debt. If completed, the merger would be […]

Shippers, 4 Class I railroads press for STB scrutiny of CP-KCS merger

STB must decide how to review the transaction By Joanna Marsh for freightwaves.com A number of rail shipping groups and four out of five Class I railroads are asking the Surface Transportation Board (STB) to examine the proposed merger of Canadian Pacific (NYSE: CP) and Kansas City Southern (NYSE: KSU) under a “new” litmus test of whether the merger would enhance […]

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January 2022