KSU - Canadian Pacific/Kansas City Southern listed on Mexico antitrust agenda for Nov. 25

Canadian Pacific's (NYSE:CP) planned purchase of Kansas City Southern (NYSE:KSU) is listed on the agenda for Mexico's antitrust regulator's meeting tomorrow. The deal is listed on the COFECE's agenda, according to the the agency's website. Canadian Pacific (CP) won a bidding war with rival Canadian National Railway (NYSE:CNI) for KSU after the U.S. Surface Transportation Board denied Canadian National's bid to use a voting trust for a deal. The deal is awaiting Mexican approval so that Canadian Pacific can complete the first part of transaction. Canadian Pacific's (CP) ultimate acquisition of control of KCS' U.S. railways is subject to the approval of the STB. The STB review of CP's proposed control of KCS is expected to be completed in the second half of 2022, the companies have said. Yesterday,  U.S. railroad regulator accepts Kansas City Southern/Canadian Pacific application for deal.

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Canadian Pacific/Kansas City Southern listed on Mexico antitrust agenda for Nov. 25