Share Name Share Symbol Market Type
Canadian Pacific Railway Limited TSX:CP Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.65 -0.13% 482.37 481.05 482.80 488.65 481.00 482.41 247,038 21:29:59

Kansas City Southern Shares Rise Premarket on Canadian Pacific Deal

22/03/2021 11:11am

Dow Jones News

Canadian Pacific Railway (TSX:CP)
Historical Stock Chart

From Mar 2021 to May 2021

Click Here for more Canadian Pacific Railway Charts.

By Colin Kellaher


Shares of Kansas City Southern rose more than 15% in premarket trading Monday after the company agreed to be acquired by Canadian Pacific Railway Ltd. in a $25 billion deal that would create the first freight-rail network linking Mexico, the U.S. and Canada.

Based on Friday's closing prices, the cash-and-stock deal values Kansas City Southern at $275 a share, a 23% premium.

Canadian Pacific agreed to pay $90 in cash and issue 0.489 shares for each Kansas City Southern share, with Kansas City Southern shareholders owning 25% of the combined company.

Kansas City Southern shares, which closed Friday at $224.16, were recently up 17% to $261.70 in light premarket trading. U.S.-listed shares of Canadian Pacific, which closed Friday at $378.48, slipped 3%.


Write to Colin Kellaher at


(END) Dow Jones Newswires

March 22, 2021 06:56 ET (10:56 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

1 Year Canadian Pacific Railway Chart

1 Year Canadian Pacific Railway Chart

1 Month Canadian Pacific Railway Chart

1 Month Canadian Pacific Railway Chart
ADVFN Advertorial
Your Recent History
Canadian P..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20210511 10:03:14