Canadian Pacific, Kansas City Southern Agree to Roughly $30 Billion Deal

Canadian Pacific Railway and Kansas City Southern have agreed to a roughly $30 billion deal that if approved would be the first major railroad merger in the U.S. in about two decades

Canadian Pacific Railway Ltd. and Kansas City Southern have agreed to a roughly $30 billion deal that if approved would be the first major railroad merger in the U.S. in about two decades.

Kansas City Southern has agreed to sell itself to Canadian Pacific in a cash-and-stock transaction that gives it a roughly $31 billion enterprise value, including $3.8 billion in debt, the companies said Wednesday. The agreement comes after Kansas City Southern said Canadian Pacific’s offer

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