Latest Keith Creel News

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...

Kansas City Southern suitor's bid in jeopardy after ruling

Sep. 02, 2021 10:50 AM EDT

OMAHA, Neb. (AP) — Canadian National’s $33.6 billion deal to acquire Kansas City Southern railroad is in jeopardy after federal regulators on Tuesday rejected a key part of the plan and opened the door for a competing $31 billion offer from Canadian Pacific Railway. ...

Kansas City Southern takeover vote delayed after bid gutted

Sep. 01, 2021 11:40 AM EDT

OMAHA, Neb. (AP) — A planned shareholder vote on Canadian National's $33.6 billion offer has been delayed after regulators rejected a key part of the plan, so now Kansas City Southern railroad can consider all of its options, including a competing $31 billion offer from Canadian Pacific...

Railroad bidding war for Kansas City Southern is reignited

Aug. 10, 2021 16:57 PM EDT

Canadian Pacific jumped back into the bidding war for Kansas City Southern Tuesday with an increased $31 billion offer for the U.S. railroad, but its latest bid remains lower than the rival $33.6 billion offer from Canadian National that Kansas City Southern accepted back in May. ...