熱門資訊> 正文
2021-12-10 22:18
08:19 AM EST, 12/10/2021 (MT Newswires) -- Canadian Pacific Railway (CP.TO) is inches away from closing its US$31 billion merger with Kansas City Southern after the vast majority of the Canadian company's shareholders approved the proposed transaction, Deutsche Bank said in a note.
About 99.91% of CP shareholders this week supported the issuance of up to 278 million common shares in the company to proceed with the merger with Kansas City Southern, according to the bank. Kansas City Southern shareholders are expected to vote on the merger agreement later today.
If the Kansas shareholders approve the merger, the transaction is expected to close into trust on Dec. 14. The U.S. Surface Transportation Board's review of the acquisition of control of Kansas' railways there will run well into 2022.