Skip to Content

CP shareholders back $31B purchase of Kansas City Southern


AP Business Writer

Canadian Pacific’s $31 billion plan to acquire Kansas City Southern cleared one of its final hurdles Wednesday when CP shareholders overwhelmingly approved the deal that would create the first railroad connecting the United States, Canada and Mexico. The ownership of the Missouri-based railroad is expected to change next Tuesday as long as Kansas City Southern shareholders endorse the deal later this week. But Kansas City Southern won’t see any major changes immediately because it will be held by a voting trust for the next year while the U.S. Surface Transportation Board scrutinizes the deal. The review by federal regulators is expected to continue into the fourth quarter of 2022.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press


KTVZ NewsChannel 21 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content