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While Kansas City Southern will no longer exist as a stand-alone company, the headquarters of the merged company will remain in downtown Kansas City, where KC Southern has been based for decades.
Shareholders of CP (NYSE: CP) and KCS approved the $31 billion deal in December and the merger is now before STB for review. CP has said it hopes for STB approval by early 2023.
Friday's vote ends a winding path for KC Southern and its shareholders. The company agreed to sell to Canadian Pacific in March, in a deal that valued KC Southern stock at $275 a share. CP rival Canadian National Railway Co.
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The railroad merger that was nearly derailed by a bidding war earlier this year is moving forward although regulators will have the final say next year on Canadian Pacific's $31 billion acquisition of Kansas City Southern railroad. Dec. 14, 2021, at 11:44 a.m.
Canadian Pacific closes US$31-billion Kansas City Southern acquisition deal. Canadian Pacific Railway Ltd. has completed its acquisition of Kansas City Southern, paving the way for North America's only railroad that stretches across all three countries.
Canadian Pacific Railway (CP) has completed its purchase of Kansas City Southern (KCS). This comes after both companies' shareholders voted in favour of the move. The merging of these two companies will lead to the creation of the only single-line railway linking the Canada, the United States and Mexico.
We are a great cross-border railroad because of our employees, our partners, and our suppliers. Providing the best rail shipping for our customers is a collective effort at KCS. We fully recognize and appreciate all those who play a role in our successes. We value diversity in our employees, partners, and suppliers.
Dec. 14, 2021, at 11:44 a.m. A railroad merger nearly derailed this year by a bidding war is moving forward ahead of a final say from regulators on Canadian Pacific's $31 billion acquisition of Kansas City Southern railroad.

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