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KSU Kansas City Southern

293.59
0.00 (0.00%)
Pre Market
Last Updated: 01:00:00
Delayed by 15 minutes
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

Kansas City Southern Shareholders Overwhelmingly Approve CP Rail Merger

10/12/2021 4:22pm

Dow Jones News


Kansas City Southern (NYSE:KSU)
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From Jul 2021 to Jul 2024

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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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