Canadian Pacific-Kansas City Railway

The Canadian Pacific-Kansas City Railway will be a purported new Class I system with the announcement on March 21, 2021 that Canadian Pacific will acquire Kansas City Southern for $25 billion.

In the deal, reported by Bloomberg, KCS investors received 0.489 of a CP share and $90 in cash for each share they hold, valuing the stock at $275 apiece. 

The new railroad will be known as Canadian Pacific-Kansas City (CP-KC) with a 20,000-mile network, nearly 20,000 employees, and an annual revenue of about $8.7 billion.

More information about this  new railroad will be released in the coming months.