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 (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.
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.
Calling Sunday night’s breakdown unprecedented and unacceptable, New York Gov. Kathy Hochul pledged to New York City subway users to find out what caused the chain reaction of events that led to more than 80 trains being knocked out of service for more than four hours.
KiwiRail and TrackSAFE NZ want motorists to take extra care as new research reveals more than three-quarters of significant vehicle collisions with trains occur in provincial towns and rural areas.