KSU - Kansas City Southern and Canadian Pacific Just Announced the Largest Railroad Merger Ever: Will Antitrust Issues Block It?
Canadian Pacific Railway (NYSE: CP) is looking to the south for growth, announcing plans to acquire Kansas City Southern (NYSE: KSU) for $29 billion.
The deal is the largest ever between two railroads , though the price does fall just short of the total valuation of Burlington Northern Santa Fe when that company was acquired by Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) .
It's also a rarity for an industry where large-scale consolidation has essentially been off the table since 2000 due to regulatory concerns.
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Kansas City Southern and Canadian Pacific Just Announced the Largest Railroad Merger Ever: Will Antitrust Issues Block It?