Mexican regulators approve $31B deal that could create Mexico-Canada-US railroad

Posted on AllSides November 28th, 2021
From The Center

Mexican regulators have approved Canadian Pacific’s $31 billion deal to acquire Kansas City Southern, which could create a railroad linking Mexico, Canada and the United States, The Associated Press reported. 

The deal includes 2.884 Canadian Pacific shares and $90 in cash for each shareholder, as well as Canadian Pacific assuming $3.8 billion of Kansas City Southern's debt. 

“This historic combination will add capacity to the U.S. rail network, create new competitive transportation options, support North American economic growth, and deliver important benefits to customers, employees and the environment,” Canadian Pacific CEO Keith Creel...

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https://thehill.com/policy/international/americas/583306-mexican-regulators-approve-31b-deal-that-could-create-mexico

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