Kansas City Southern Shareholders Overwhelmingly Approve CP Rail Merger
10 Dezember 2021 - 5:22PM
Dow Jones News
By Adriano Marchese
Kansas City Southern said Friday that nearly all its voting
shareholders have approved the merger with Canadian Pacific Railway
Ltd.
The railroad said 99.6% of the 64.5 million votes cast at the
company's special meeting of stockholders were in favor of the
agreement.
Under the agreement, KCS stockholders will receive $90 in cash
and 2.884 CP shares for each of their KCS shares and $37.50 in cash
for each preferred share held.
The transaction is expected to close Tuesday.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
December 10, 2021 11:07 ET (16:07 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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