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CP Canadian Pacific Kansas City Limited

119.63
1.22 (1.03%)
Last Updated: 16:50:17
Delayed by 15 minutes
Share Name Share Symbol Market Type
Canadian Pacific Kansas City 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
  1.22 1.03% 119.63 119.63 119.65 119.90 118.11 118.51 351,388 16:50:17

Kansas City Southern Shares Rise Premarket on Canadian Pacific Deal

22/03/2021 11:11am

Dow Jones News


Canadian Pacific Kansas ... (TSX:CP)
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From Apr 2019 to Apr 2024

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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 colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

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

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

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1 Year Canadian Pacific Kansas ... Chart

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1 Month Canadian Pacific Kansas ... Chart

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