Canadian Pacific Asks Kansas City Shareholders to Reject Canadian National Deal
July 29, 2021 at 08:54 pm
On, July 29, 2021, Canadian Pacific Railway Ltd asked Kansas City Southern shareholders to vote against a $33.6 billion deal with Canadian National Railway Co. at a meeting next month. Further, Canadian Pacific stated that, the terms of Canadian National's deal would bind Kansas City shareholders with the merger agreement until next year, instead of being free to pursue other opportunities that may be in the best interests of KCS stockholders