
Canadian Pacific Railway acquires Kansas City Southern for $29B
March 21 (UPI) -- Canadian Pacific Railway agreed to purchase Kansas City Southern and create the first rail network linking the United States, Mexico and Canada. The companies agreed to a merger with CP acquiring KSC for $ 29 billion including assuming $ 3.8 billion of outstanding debt from KCS, while creating a network of about 20,000 miles of rail that will unite the three nations, according to a statement. Advertisement "This transaction will be transformative for North America, providing significant positive impacts for our respective employees, customers, communities and shareholders," CP President and CEO Keith Creel said. "This will create the first U.S.-Mexico-Canada railroad, bringing together two railroads that have been keenly focused on providing quality service to their cust...