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Regulatory, Earnings Announcements, Mergers / Acquisitions

Canadian Pacific and Kansas City Southern Execute Agreement to Combine

Published: 09/15/2021 13:36 GMT
(KSU) - Canadian Pacific and Kansas City Southern Execute Agreement to Combine, Creating First Single-line Rail Network Linking U.S.-mexico-canada.
Kansas City Southern - Stock and Cash Transaction Represents an Enterprise Value of Approximately $31 Billion.
Kansas City Southern - Deal Expected to Create Annualized Synergies of Approximately $1 Billion Within Three Years.
Kansas City Southern - Cp Agreed to Acquire Kcs in a Stock and Cash Transaction Representing an Enterprise Value of Approximately Usd$31 Billion.
Kansas City Southern - Following Closing Into Voting Trust, Shareholders of Kcs Will Receive 2.884 Cp Shares and $90 in Cash for Each Kcs Common Share.
Kansas City Southern - Preferred Shareholders Will Receive $37.50 in Cash for Each Kcs Preferred Share Held.
Kansas City Southern - Fixed Exchange Ratio Implies a Price for Kcs of $300 per Share.
Kansas City Southern - Combination is Expected to Be Accretive to Cp's Adjusted EPS in First Full Year Following Cp's Acquisition of Control of Kcs.
Kansas City Southern - Deal Expected to Generate Double-digit Accretion Upon Full Realization of Synergies Thereafter.
Kansas City Southern - Deal for to Fund Stock Consideration of Merger, Cp Will Issue 44.5 Million New Shares.
Kansas City Southern - Deal for Cp Will Assume Approximately $3.8 Billion of Kcs' Outstanding Debt.
Kansas City Southern - Following Closing Into Trust, Cp Expects That Its Outstanding Debt Will Be Approximately $20 Billion.