Canadian Pacific Railway Limited (CP,CP.TO) has agreed to acquire Kansas City Southern (KSU) in a stock and cash transaction representing an enterprise value of about US$29 billion. The deal includes the assumption of US$3.8 billion of outstanding Kansas City Southern or KCS debt, the companies said in a statement on Sunday.
The transaction values Kansas City Southern at US$275 per share, representing a 23% premium, based on the CP and KCS closing prices on March 19, 2021.
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