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CP and KCS jointly file merger application with the Surface Transportation Board

Following the closing of the agreement reached in mid-September between Class I railroad carrier Kansas City Southern (KCS) and Calgary-based Canadian Pacific Railway Company, in which CP will acquire KCS for $31 billion, in a stock and cash transaction, which includes the assumption of $3.8 billion of outstanding KCS debt, the companies announced late last week they are now officially ready to take the next step in their relationship.
Source: logistics Mgmt

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