Latest Keith Creel News

CP shareholders back $31B purchase of Kansas City Southern

Dec. 08, 2021 13:28 PM EST

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. Ownership of the railroad, based...

Mexican regulators approve $31 billion railroad merger deal

Nov. 28, 2021 15:25 PM EST

KANSAS CITY, Mo. (AP) — Mexican regulators have approved Canadian Pacific's $31 billion plan to acquire Kansas City Southern and create a railroad linking Mexico, Canada and the United States. The deal could close as soon as mid-December if shareholders of both...

Railroad execs hope CP-KCS merger could be done by late 2022

Sep. 16, 2021 14:32 PM EDT

KANSAS CITY, Mo. (AP) — Canadian Pacific hopes to complete its $31 billion acquisition of Kansas City Southern railroad before the end of next year. Shareholders of both companies are likely to vote on the deal sometime in December, and then Mexican and American...

Canadian Pacific's acquisition of KCS railroad back on track

Sep. 15, 2021 16:35 PM EDT

OMAHA, Neb. (AP) — After initially getting derailed this spring, Canadian Pacific's $31 billion acquisition of Kansas City Southern is back on track after Canadian National dropped out of the bidding war Wednesday. The deal could still face tough scrutiny from...

Kansas City Southern picks Canadian Pacific bid for railroad

Sep. 12, 2021 15:03 PM EDT

KANSAS CITY, Mo. (AP) — Kansas City Southern has decided that a $31 billion bid from Canadian Pacific is the best of two offers on the table to buy the railroad. The Kansas City, Missouri, company said in a statement Sunday that it has notified rival bidder Canadian...