Kansas City Southern

Kansas City Southern (KCS) is a transportation holding company with domestic and international rail operations in North America that are strategically focused on the growing north/south freight corridor connecting key commercial and industrial markets in the central United States with industrial cities in Mexico. The KCS coordinated rail network (KCSR, KCSM, and Tex-Mex) comprises approximately 6,300 route miles extending from the midwest and southeast portions of the United States south into Mexico and connects with all other Class I railroads, providing shippers with an effective alternative to other railroad routes and giving direct access to Mexico and the southeast and southwest the United States through alternate interchange hubs.

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Canadian National Railway Company

MONTREAL & KANSAS CITY, Mo.--(BUSINESS WIRE)--CN (TSX: CNR) (NYSE: CNI) and Kansas City Southern (NYSE: KSU) (“KCS”) today issued the following statement in response to the Surface Transportation Board's (“STB”) decision to issue a timetable for reviewing the voting trust in connection with the companies' definitive merger agreement: We are happy with the timetable that the STB has set for reviewing our voting trust, marking another important step on the path to creating the premier railway for

Surface Transportation Board Sets Schedule for Review of Voting Trust Related to CN's Pro-Competitive Combination With KCS

MONTREAL & KANSAS CITY, Mo.--(BUSINESS WIRE)--JJ Ruest, President and Chief Executive Officer of CN (TSX: CNR) (NYSE: CNI) and Patrick J. Ottensmeyer, President and Chief Executive Officer of Kansas City Southern (“KCS”) (NYSE: KSU) presented today at Bernstein's 37th Annual Strategic Decisions Conference. In their prepared remarks and the fireside chat, both CEOs articulated how the combination of CN and KCS will create a fully end-to-end merger that will deliver significant public interest be

CN's JJ Ruest and KCS' Pat Ottensmeyer Emphasized Compelling Public Interest and Competitive Benefits of Transaction at Bernstein's 37th Annual Strategic Decisions Conference

MONTREAL & KANSAS CITY, Mo.--(BUSINESS WIRE)--CN (TSX: CNR) (NYSE: CNI) and Kansas City Southern (“KCS”) (NYSE: KSU) today announced that the overwhelming stakeholder support for their proposed pro-competitive combination continues to grow with more than 400 additional letters of support filed with the Surface Transportation Board (“STB”) since the two companies agreed to combine, taking the total to over 1,400, including a letter of support from Governor John Bel Edwards of Louisiana. The prop

CN Receives More Than 400 Additional Letters of Support Since Signing Agreement to Combine With Kansas City Southern

MONTREAL & KANSAS CITY, Mo.--(BUSINESS WIRE)--JJ Ruest, President and Chief Executive Officer of CN (TSX: CNR) (NYSE: CNI), and Patrick J. Ottensmeyer, President and Chief Executive Officer of Kansas City Southern (“KCS”) (NYSE: KSU), will address Bernstein's 37th Annual Strategic Decisions Conference on Thursday, June 3, 2021 at 11:00 a.m. Eastern Time (ET). Mr. Ruest and Mr. Ottensmeyer will deliver opening remarks followed by a fireside chat. They will discuss the compelling strategic and fi

CN's JJ Ruest and KCS' Pat Ottensmeyer to Address Bernstein's 37th Annual Strategic Decisions Conference on June 3

Chemicals shippers want the Surface Transportation Board (STB) to thoroughly mull over service impacts before agreeing to any merger between Kansas City Southern (NYSE: KSU) and another Class I railroad. The American Chemistry Council (ACC) “is concerned about further consolidation in the freight railroad industry.

American Chemistry Council urges caution on Class I mergers

The company is hoping to win approval for a voting trust that would alleviate some of the antitrust uncertainty.

Canadian National Pledges Divestiture to Win Kansas City Southern Merger Approval

Canadian National Railway said on Wednesday it would divest Kansas City Southern's 70-mile rail line between New Orleans and Baton Rouge to eliminate the only overlap between the two railroad operators.

Canadian National to divest Kansas City Southern's 70-mile rail overlap

MONTREAL & KANSAS CITY, Mo.--(BUSINESS WIRE)--CN (TSX: CNR) (NYSE: CNI) and Kansas City Southern (NYSE: KSU) (“KCS”) today announced that they have taken the next step on their path to combine to create the premier railway for the 21st century. CN and KCS today jointly filed with the Surface Transportation Board (“STB”) a renewed motion for approval of its voting trust that outlines the case for approval of the voting trust to advance the CN-KCS merger that will enhance competition, spur econom

CN and Kansas City Southern Take Next Step on Path to Combine by Filing Jointly for Voting Trust Approval

Kansas City Southern (KSU) cancels the deal with Canadian Pacific (CP) and pays the termination fee to the latter.

Kansas City Southern (KSU) to be Acquired by Canadian National

MONTREAL & KANSAS CITY, Mo.--(BUSINESS WIRE)--JJ Ruest, President and Chief Executive Officer of CN (TSX: CNR) (NYSE: CNI), and Patrick J. Ottensmeyer, President and Chief Executive Officer of Kansas City Southern (“KCS”) (NYSE: KSU), will address the 14th Annual Wolfe Research Global Transportation & Industrials Conference on Wednesday, May 26, 2021 at 8:00 a.m. Eastern Time (ET). Mr. Ruest and Mr. Ottensmeyer will deliver opening remarks followed by a fireside chat. They will discuss the

CN's JJ Ruest and KCS' Pat Ottensmeyer to Address the 14th Annual Wolfe Research Global Transportation & Industrials Conference on May 26

Canadian Pacific Kansas City Limited

The target has agreed to a $33 billion deal to be acquired by CN.

Kansas City Southern Dumps Canadian Pacific for Canadian National

Kansas City Southern (NYSE: KSU) has made it official: It's breaking up with Canadian Pacific (NYSE: CP) and it's going with the merger offer from CP rival CN (NYSE: CNI). The board of directors for Kansas City Southern (KCS) unanimously determined last week that CN's offer to acquire KCS was “superior.

Kansas City Southern chooses CN bid, terminates CP merger agreement

Kansas City Southern (NYSE: KSU) announced today that the company's board has determined the Canadian National Railway Company's (NYSE: CNI) acquisition proposal to be superior to the offer received from Canadian Pacific Railway Limited (NYSE: CP).  The company has terminated its merger agreement with Canadian Pacific, which the company entered into back in March, and […] The post Kansas City Southern will accept merger proposal from Canadian National Railway appeared first on Invezz.

Kansas City Southern will accept merger proposal from Canadian National Railway

Kansas City Southern picks Canadian National deal over Canadian Pacific one

MONTREAL & KANSAS CITY, Mo.--(BUSINESS WIRE)--CN (TSX: CNR) (NYSE: CNI) and Kansas City Southern (NYSE: KSU) (“KCS”) today announced that they have entered into a definitive merger agreement to create the premier railway for the 21st century. Under the terms of the agreement, which was unanimously approved by the Board of Directors of each company, KCS shareholders will receive $3252 per common share based on CN's May 13, 2021 offer, which implies a total enterprise value of $33.6 billion, incl

CN to Combine With Kansas City Southern

KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (NYSE: KSU) (“KCS”) today announced that the Company's Board of Directors, in consultation with its financial and legal advisors, has unanimously determined that the acquisition proposal KCS received from Canadian National Railway Company (TSX: CNR, NYSE: CNI) (“CN”) on May 13, 2021 continues to constitute a “Company Superior Proposal” under KCS's pending merger agreement with Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) (“CP”). Fo

Kansas City Southern Board Determines Canadian National Railway Proposal Continues to be Superior to Canadian Pacific Railway Merger Agreement

The shares of Kansas City Southern (NYSE:KSU) are modestly higher this morning, last seen up 0.8% at $296, after the railway company sent a letter to the Surface Transportation Board (STB), stating its Board of Directors decided to officially terminate its merger agreement with Canadian Pacific Railway (CP), after the company refused to hike its original bid.

Merger Termination Puts Kansas City Southern in the Spotlight

Canadian Pacific Railway said on Friday it was willing to re-engage with Kansas City Southern, without raising its offer for the U.S. railroad operator, hoping that rival Canadian National Railway's bid would be shot down by a U.S. transport regulator.

Canadian Pacific says open to re-engaging with Kansas City, does not raise bid

The stock price of Kansas City Southern has seen a 4% drop in just five trading sessions. This fall is primarily led by the U.S. Surface Transportation Board turning down Canadian National's application to form a voting trust that would allow the company a takeover and own Kansas City Southern.

What's Happening With Kansas City Southern Stock?

Kansas City Southern is expected to ditch its merger agreement with Canadian Pacific Railway Ltd. in favor of a competing proposal from Canadian National Railway Co. according to people familiar with the matter, a dramatic turn with big implications for the shape of the U.S. rail industry.

Kansas City Southern expected to terminate Canadian Pacific deal

KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) (NYSE:KSU) held its Annual Meeting of Stockholders on May 20, 2021 virtually via live audio webcast. With 89% of KCS' outstanding common and preferred stock represented in person or by proxy at the meeting, the stockholders: elected Lydia I. Beebe, Lu M. Córdova, Robert J. Druten, Antonio O. Garza, Jr., David Garza-Santos, Janet H. Kennedy, Mitchell J. Krebs, Henry J. Maier, Thomas A. McDonnell, and Patrick J. Ottensmeyer to serve on

KCS Holds Annual Meeting of Stockholders, Elects Ten Directors and Announces Preferred and Common Dividends

Rail stakeholders and observers are weighing in on how competing attempts by Canadian Pacific (NYSE: CP) and CN (NYSE: CNI) to merge with Kansas City Southern (NYSE: KSU) might affect the freight rail industry.  Both CN and CP are seeking to acquire Kansas City Southern (KCS).

Unions, industry observers weigh in on KCS merger bids

Canadian Pacific (NYSE: CP) is asking the board of directors of Kansas City Southern (NYSE: KSU) to reject a competing merger offer from CN (NYSE: CNI) once and for all. The company has also indicated that it will not seek to compete with CN's revised offer.

CP signals no counterbid, asks KCS board to reject CN

The railroad does not believe rival Canadian National can win U.S. regulatory approval.

Canadian Pacific Will Not Sweeten Kansas City Southern Offer, Calls Rival Bid "Illusory"

Canadian Pacific Railway Ltd on Thursday reiterated its commitment to buy Kansas City Southern without raising the buyout offer for the railroad operator.

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