CALGARY, Alberta & KANSAS CITY, Mo.--(BUSINESS WIRE)--Nov 26, 2021-- Canadian Pacific and Kansas City Southern Merger Proposal Receives Required Mexican Regulatory Approvals | National Business . Kansas City Southern railroad is trying to keep its $33.6 billion merger with Canadian National on track by rejecting a competing $31 billion bid from rival Canadian Pacific earlier this week. After several rounds of talks with ever-increasing offers, Kansas City Southern chose Canadian Pacific's proposal and announced a merger agreement with that railroad in March that put the railroad's value at $275 per share. The Canadian railroad reiterated its main arguments for the deal in a detailed filing with the Surface Transportation Board on Tuesday. Calgary and Kansas City, Mo. MEXICO CITY — Mexican regulators gave their approval of the proposed Canadian Pacific-Kansas City Southern merger on Friday, the first major step in creating the first railroad to connect the United States, Canada and Mexico. Canadian Pacific first put forward its $29 billion bid for Kansas City Southern in March, before being topped by a $33.7 billion offer from Canadian National in April. Earlier today, Kansas City Southern said it has terminated merger agreement with Canadian National Railway Company (CNR.TO, CNI) or CN, and is entering into a merger agreement with CP. Kansas City Southern railroad is trying to keep its $33.6 billion merger with Canadian National on track by rejecting a competing $31 billion bid from rival Canadian Pacific earlier this week. Canadian Pacific Railway Ltd. says its proposed acquisition of Kansas City Southern could be approved . Biden executive order could hinder Canadian National-Kansas City Southern merger. Kansas City Southern announced last week it would engage in discussions with Canadian Pacific Railway. KANSAS CITY, Mo. KANSAS CITY, Mo., May 21, 2021-- Kansas City Southern (NYSE: KSU) ("KCS") today announced that the Company's Board of Directors, in consultation with its financial and legal advisors, has unanimously . Washington, DC - Today, Chair of the House Committee on Transportation and Infrastructure Peter DeFazio (D-OR) sent a letter to the Surface Transportation Board (STB) opposing the approval of a trust for the proposed merger of the Canadian National (CN) and Kansas City . The tug of war between the Canadian National and Canadian Pacific railroads for acquisition of the Kansas City Southern railroad continues and now it is up to the Surface Transportation Board to . Canadian Pacific, whose bid . The deal awaits regulatory approval. Kansas City Southern canceled its planned $25 billion merger with Canadian Pacific Railway, announcing Friday it will instead be combining with Canadian National Railway in a $33.6 billion buyout bid.Why it matters: "The combination would create the first freight-rail network linking the U.S., Mexico and Canada by connecting ports in the three countries," the Wall Street Journal writes.Get . A broad anti-competition executive order US President Joe Biden signed July 9 could hinder the pending merger of Canadian National Railway and Kansas City Southern because of the White House's growing concern over US railroad consolidation. Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) ('CP') and Kansas City Southern (NYSE: KSU) ('KCS') announced that they have received the required regulatory pre-transaction control approvals from the Mexican Federal Economic Competition Commission ('COFECE') and the Mexican Federal Telecommunications Institute ('IFT') for the previously announced proposed combination of KCS and CP. The decision came after KSC's board determined a competing offer from Canadian Pacific Railway (CP) constituted a "company superior proposal.". Canadian Pacific and KCS, with voting trust approval already in hand, have signed a merger agreement and will Canadian Pacific, Kansas City Southern File Merger Plans. By Justin Franz. Canada National is confident that its previously announced merger with Kansas City Southern (NYSE:KSU) will be approved and take place in the second-half of 2022 despite President Biden's recent . By Justin Franz KANSAS CITY — Last week during an industry conference in Chicago, Canadian Pacific President and CEO Keith Creel likened his company's relationship with Kansas City Southern to a country-western song, where two partners got together, broke up, and ultimately made up. KANSAS CITY, Mo.--(BUSINESS WIRE)-- Kansas City Southern (NYSE: KSU) ("KCS") today announced that the Company's Board of Directors, in consultation with its financial and legal advisors, has unanimously determined that the acquisition proposal KCS . KANSAS CITY, Mo. Earlier this spring, regulators indicated they would take a cautious approach to approving Canadian National's . The decision, made before a Friday deadline, clears the way for KCS to ask regulators and company shareholders for the approvals needed to finalize a deal with CP.. Pat Ottensmeyer mentioned that he expected the Surface Transportation Board to make a decision sometime in the second half of . Canadian Pacific maintains that a CP-KCS merger is the only viable option for KCS following the Surface Transportation Board ruling. Shares of KSU have jumped 92.1% . Canadian National, which is based in Montreal, bid an estimated $33 billion to combine with Kansas City Southern, which is based in Kansas City. By Justin Franz CALGARY — Canadian Pacific and Kansas City Southern announced late Friday that they had filed their application to merge with the U.S. Kansas City Southern Switches Tracks in Merger Saga. But the . The September 12th acceptance of the Canadian Pacific's (CP) $31 billion merger offer for the Kansas City Southern (KCS) initiated the KCS' plans to terminate their merger agreement with the Canadian National (CN). July 26, 2021 T&I Chair DeFazio Challenges Proposed Canadian National and Kansas City Southern Railroad Merger Trust. Michael Olivier's June 3 opinion regarding the combination of Canadian National and Kansas City Southern . This comes after the board reviewed the deal in consultation with financial and legal advisors. CP reached agreement with Kansas City Southern after Canadian National Railway Co. said it was dropping its rival takeover bid after the Surface Transportation Board rejected its request for a voting trust. But the Canadian National . Canadian National: Our merger with KCS will result in better service for Louisiana . CALGARY, Alberta & KANSAS CITY, Mo., November 26, 2021--Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) ("CP") and Kansas City Southern (NYSE: KSU) ("KCS") today announced that they have .

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