Canadian Pacific to buy Kansas City Southern in $25 billion railway bet on trade
Canadian Pacific to buy Kansas City Southern in $25 billion railway bet on trade Reuters 3/21/2021 © Reuters/Ben Nelms The Canadian Pacific railyard is pictured in Port Coquitlam. By Nandakumar D, Ann Maria Shibu and Rebecca Spalding (Reuters) - Canadian Pacific Railway Ltd agreed on Sunday to acquire Kansas City Southern in a $25 billion cash-and-stock deal to create the first railway spanning the United States, Mexico and Canada, standing to benefit from a pick-up in trade. It would be the largest ever combination of North American railways by transaction value. It comes amid a reco...