RIO DE JANEIRO, BRAZIL - Canadian Pacific Railway Limited (CP) and Kansas City Southern (KCS) announced today that they have entered into a merger agreement, in which CP agreed to acquire KCS in a stock and cash transaction representing an enterprise value of approximately US$29 billion and including US$3.8 billion of outstanding KCS debt.
Upon approval by the Surface Transportation Board (STB), the two railroads will create the first rail network connecting the United States, Mexico and Canada.
The union between Kansas City, CP and KCS will connect customers through a single network of transportation options between CP . . .