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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Kansas City Southern | NYSE:KSU | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 293.59 | 0 | 01:00:00 |
From Jul 2021 to Jul 2024
By Adriano Marchese
Canadian Pacific Railway Ltd. said its shareholders have voted overwhelmingly in favor of issuing its stock to Kansas City Southern shareholders as part of their proposed combination.
In a special meeting Wednesday, the Canadian railroad said its shareholders voted 99.91% in favor of issuing up to 278 million shares as the share portion of the consideration of the deal.
Shareholders also have approved in near-total majority to rename the company Canadian Pacific Kansas City Ltd.
"The shareholder approvals today are a key step on our path to this once-in-a-lifetime partnership to create the first U.S.-Mexico-Canada rail network," President and Chief Executive Keith Creel said.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
December 08, 2021 12:06 ET (17:06 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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