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Dynamic quotes 
OFFON

KANSAS CITY SOUTHERN

(KSU)
  Report
End-of-day quote. End-of-day quote Nyse - 12/13
293.59 USD   -1.69%
2021KANSAS CITY SOUTHERN : Dec 25 2021
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2021Investor-backed CEO candidate out of the running to lead CN
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2021KANSAS CITY SOUTHERN : Dec 18 2021
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

CP Rail, Kansas City Southern Merger Gets Green Light from Mexican Regulators

11/26/2021 | 08:41am EST

By Adriano Marchese

Canadian Pacific Railway Ltd. said Friday that it has received regulatory approvals from Mexican regulators for its merger with Kansas City Southern.

The Canadian railroad said regulatory pre-transaction control approvals were received from the Mexican Federal Economic Competition Commission as well as from the Mexican Federal Telecommunications Institute.

"This important milestone marks the next step on our path to creating the first single-line rail network linking the U.S., Mexico and Canada," CP President and Chief Executive Keith Creel said.

In mid-September, CP agreed acquire KCS in a cash and stock deal valued at around $31 billion.

The transaction still requires the satisfaction of customary closing conditions which include approval from stockholders of both companies.

Meetings of the stockholders are scheduled for Dec. 8 and Dec. 10 for CP and KCS, respectively.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

11-26-21 0841ET

Stocks mentioned in the article
ChangeLast1st jan.
CANADIAN PACIFIC RAILWAY LIMITED -1.77% 93.98 Delayed Quote.5.16%
KANSAS CITY SOUTHERN -1.69% 293.59 End-of-day quote.0.00%
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Analyst Recommendations on KANSAS CITY SOUTHERN
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Financials (USD)
Sales 2020 2 633 M - -
Net income 2020 617 M - -
Net Debt 2020 3 653 M - -
P/E ratio 2020 31,2x
Yield 2020 0,80%
Capitalization 26 711 M 26 711 M -
EV / Sales 2019 6,42x
EV / Sales 2020 8,65x
Nbr of Employees 6 522
Free-Float -
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Managers and Directors
Patrick J. Ottensmeyer President & Chief Executive Officer
Michael W. Upchurch Chief Financial Officer & Executive Vice President
John F. Orr Senior VP & Chief Transportation Officer
Warren K. Erdman Executive VP-Administration & Corporate Affairs
Ashley A. Thorne Investor Relations Contact
Sector and Competitors