The New Paper

March 22, 2021

Railroads merge to create first US-Canada-Mexico ralway

Canadian Pacific Railway announced plans to acquire Kansas City Southern for $29B, creating the first rail network connecting the US, Mexico, and Canada. The transaction still requires regulatory approval and is expected to close in 2022.

Extra: The deal is the largest M&A transaction announced so far this year and the largest ever involving two rail companies.
This story is from the March 22, 2021 edition of The New Paper. To receive TNP daily subscribe below.

By subscribing, you agree to our Terms of Service & Privacy Policy.