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Posted on 635 Kansas City Southern (NYSE: KSU) (“KCS”) today announced that its Board of Directors has unanimously determined, after consultation with the Company’s outside legal and financial advisors, that the unsolicited proposal received from Canadian National Railway (TSX: CNR, NYSE: CNI) (“CN”) on April 20, 2021 to acquire KCS in a cash and stock transaction valued by CN at $325 per KCS share could reasonably be expected to lead to a “Company Superior Proposal” as defined in KCS’s merger agreement with Canadia...

Canadian Pacific Comments on Procedural Update From Kansas City Southern News provided by Share this article Share this article CALGARY, AB, April 24, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") today provided the following statement regarding Kansas City Southern's ("KCS") decision to evaluate Canadian National's ("CN") unsolicited proposal. The board of KCS is simply meeting its obligations under the merger agreement with CP and fulfilling its fiduciary duty to its shareholders by assessing the CN offer. Not only is this the correct process and one that...

Dear Ms. Brown: I am writing on behalf of the Canadian Pacific Applicants. 1  As the Board is no doubt aware, Canadian National (CN) has made an unsolicited offer to acquire Kansas City Southern (KCS), and has asked the Board of Directors of Kansas City Southern to consider that offer.  CN Press Release (Apr. 20, 2021).  CN has informed KCS that its proposal "would require the same regulatory approvals as those required under the agreement with CP" and that CN would seek to "obtain[] such regulatory approvals on the same terms as in the merger agreement with CP, including through the use o...

Press release content from Business Wire. The AP news staff was not involved in its creation.

Supporters Urge the STB to Review the Transaction Efficiently to Realize Benefits to All Stakeholders CALGARY, AB and KANSAS CITY, Mo., April 20, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") and Kansas City Southern (NYSE: KSU) ("KCS") today announced that Bartlett Grain, Port of Milwaukee, Asociación Mexicana de la Industria Automotriz A.C. (AMIA) were among stakeholders that filed statements with the Surface Transportation Board ("STB") in support of the planned combination between the two companies. They join over 405 supporters across the broad spectr...