Canadian National – Railfanning.org

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CN reaches Resolution Agreement with TCI

January 25, 2022 Railfanning.org News Wire

CN said it has entered into a Resolution Agreement with CIFF Capital and TCI.

STB Approves Sale of Rail Lines in Wisconsin and Michigan

December 21, 2021 Railfanning.org News Wire

The Surface Transportation Board (STB) has approved CN’s sale to Watco of non-core lines and assets on approximately 650 miles of branch lines of Wisconsin Central Ltd. in Wisconsin and Michigan.

Canadian Pacific, Kansas City Southern Enter Into Merger Agreement

September 16, 2021 Railfanning.org News Wire

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.

KCS Terminates Merger Plan With CN

September 15, 2021 Railfanning.org News Wire

Kansas City Southern has terminated its plan to merge with CN.

Kansas City Southern Board: Proposal From Canadian Pacific Railway Could Reasonably Be Expected to Lead to ‘Superior Proposal’

September 5, 2021 Business Wire

KCS intends to provide CP with nonpublic information and to engage in discussions and negotiations with CP with respect to CP’s proposal, subject in each case to the requirements of the CN merger agreement.

Kansas City Southern Confirms Receipt of Unsolicited Proposal From Canadian Pacific Railway

September 1, 2021 Business Wire

Kansas City Southern (NYSE: KSU) (“KCS”) today announced that it has received an unsolicited proposal from Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) (“CP”) reaffirming its interest in acquiring KCS.

STB Rules Against Voting Trust Agreement in Canadian National-Kansas City Merger

September 1, 2021 Railfanning.org News Wire

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.

Canadian Pacific Sends Unsolicited Proposal to Acquire Kansas City Southern

August 11, 2021 Railfanning.org News Wire

Canadian Pacific Railway has sent an unsolicited proposal to acquire Kansas City Southern.

DeFazio Opposes Proposed Canadian National-Kansas City Southern Merger

July 26, 2021 Railfanning.org News Wire

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.

Freight merger impacts must be studied, former official says

July 1, 2021 The Center Square

The largest merger of two railroad companies in two decades will mean more freight train traffic throughout Illinois. A former transportation official wants a thorough review done on how it will affect communities.