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Canadian Pacific and Kansas City Southern merger proposal receives clearance from Committee on Foreign Investment in the United States
Canadian Pacific and Kansas City Southern merger proposal receives clearance from Committ...
About this update from Canadian Pacific Kansas City Limited
[{"type":"text","content":"\n \n \n \n Canadian Pacific and Kansas City Southern merger proposal receives clearance from Committee on Foreign Investment in the United States\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n Aug. 16, 2022\n \n \n /CNW/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) (\"CP\") today announced it has received the required regulatory clearance from the Committee on Foreign Investment in\n \n the United States\n \n (\"CFIUS\") for the proposed combination of CP and Kansas City Southern (\"KCS\").\n \n \n CP completed its acquisition of KCS on\n \n Dec. 14, 2021\n \n . Immediately upon the closing of the acquisition, the shares of KCS were placed into a voting trust which ensures KCS will operate independently of CP while the U.S. Surface Transportation Board (\"STB\") completes its regulatory review of the companies' joint railroad control application to create Canadian Pacific Kansas City (\"CPKC\"), the only single-line railroad linking\n \n the United States\n \n ,\n \n Mexico\n \n and\n \n Canada\n \n .\n \n \n The STB review of CP's proposed control of KCS is expected to be completed in early 2023.\n \n \n \n Forward looking information\n \n \n \n This news release contains certain forward looking statements and forward looking information (collectively, \"FLI\") to provide CP shareholders and potential investors with information about CP, KCS and their respective subsidiaries and affiliates, which FLI may not be appropriate for other purposes. FLI is typically identified by words such as \"anticipate\", \"expect\", \"project\", \"estimate\", \"forecast\", \"plan\", \"intend\", \"will\", \"target\", \"believe\", \"likely\" and similar words suggesting future outcomes or statements regarding an outlook. All statements other than statements of historical fact may be FLI.\n \n \n Although we believe that the FLI is reasonable based on the information available today and processes used to prepare it, such statements are not guarantees of future performance and you are cautioned against ...