To provide new and competitive transportation service options and foster economic growth in North America, Canada, and Mexico, within the framework of the T-MEC, the Canadian Pacific Railway Limited (CP) and Kansas City Southern (KCS) rail transportation lines merged.

Canadian Pacific Railway Limited (CP) agreed to acquire KCS in a cash and share transaction, for a value of 29 billion dollars and that includes assuming 3.8 billion dollars of KCS debt, which would have to be ratified.

The transaction, approved by the boards of directors of both companies, gives KCS a value of $ 275 per share, which implies a premium of 23%, based on the closing value of CP and KCS shares on 19 March 2021 and $ 270 per share, which implies a 26% premium, based on the 30-day volume-weighted average price of CP and KCS shares.

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The combination will generate better alternatives to existing rail transportation service providers for transportation of grain, automotive, auto parts, energy, intermodal, and other sectors, they will benefit from the greater efficiency and simplicity of the joint network.

After obtaining the necessary regulatory clearances, a single integrated rail system will connect major ports in the Gulf of Mexico and the Pacific and Atlantic coasts with key foreign markets. The combination of the CP and KCS networks will offer unprecedented outreaches through a single network that covers all of North America.

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