Under the deal, CP agreed to acquire KCS in a stock and cash transaction representing an enterprise value of approximately USD $31 billion. The deal includes the assumption of $3.8 billion of outstanding KCS debt.
The Louisville-Jefferson County Metro Government is selling a pair of 2012 Severn Lamb Miniature 24-inch gauge passenger trains on GovDeals, an online auction platform for government agencies and educational institutions to sell surplus equipment.
The Surface Transportation Board rejected the use of a voting trust agreement to advance the proposed Canadian National Railway and Kansas City Southern Railway merger, striking a potential blow to the agreement.
U.S. Rep. Peter DeFazio, D-Oregon, sent a letter to the Surface Transportation Board (STB) opposing the approval of a trust for the proposed merger of the Canadian National (CN) and Kansas City Southern (KCS) railroads.