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Canadian Pacific Railway Ltd

CP.TO

Latest Trade

91.82CAD

Change

-2.90(-3.06%)

Volume

2,122,295

Today's Range

90.98

 - 

93.49

52 Week Range

82.12

 - 

100.00

As of on the Toronto Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Canadian Pacific And Kansas City Southern Merger Proposal Receives Required Mexican Regulatory Approvals

Nov 26 (Reuters) - Canadian Pacific Railway Ltd <CP.TO>::CANADIAN PACIFIC AND KANSAS CITY SOUTHERN MERGER PROPOSAL RECEIVES REQUIRED MEXICAN REGULATORY APPROVALS.CANADIAN PACIFIC RAILWAY - PROVIDED TRANSACTION IS APPROVED BY CP AND KCS STOCKHOLDERS, IT IS EXPECTED TO CLOSE TWO BUSINESS DAYS LATER ON DEC. 14.CANADIAN PACIFIC RAILWAY LTD - STB REVIEW OF CP'S PROPOSED CONTROL OF KCS IS EXPECTED TO BE COMPLETED IN Q4 OF 2022.

STB Accepts Cp/Kcs Merger Application For Consideration

Nov 23 (Reuters) - Surface Transportation Board::STB ACCEPTS CP/KCS MERGER APPLICATION FOR CONSIDERATION.STB SAYS FINDS APPLICATION BY CANADIAN PACIFIC RAILWAY & KANSAS CITY SOUTHERN IS COMPLETE AS IT CONTAINS ALL INFORMATION REQUIRED BY BOARD’S REGULATION.Further company coverage: CP.TO. ((Reuters.Briefs@thomsonreuters.com;)).

CP, CN Rail Lines out of service at Hope, Chilliwack, British Columbia - CP customer notice

Nov 16 (Reuters) - Canadian Pacific Railway Ltd <CP.TO>::CP, CN RAIL LINES OUT OF SERVICE AT HOPE, B.C., CHILLIWACK, B.C. DUE TO FLOODING- CP CUSTOMER NOTICE.CP SAYS HAS NO TIMELINE FOR RESUMING RAIL SERVICE IN B.C. AREA AFFECTED BY FLOODS - CUSTOMER NOTICE.Further company coverage: CP.TO. (Reporting by Rod Nickel). ((rod.nickel@tr.com;)).

Canadian Pacific And Kansas City Southern File Merger Application With STB

Oct 29 (Reuters) - Canadian Pacific Railway Ltd <CP.TO>::CANADIAN PACIFIC AND KANSAS CITY SOUTHERN FILE MERGER APPLICATION WITH STB TO CREATE ONLY SINGLE-LINE RAIL NETWORK LINKING U.S.-MEXICO-CANADA.

CP Reports Third-Quarter Revenue Growth Of 4% Maintains Full-Year Adjusted Diluted EPS Guidance

Oct 20 (Reuters) - Canadian Pacific Railway Ltd <CP.TO>::CP REPORTS THIRD-QUARTER REVENUE GROWTH OF 4 PERCENT; MAINTAINS FULL-YEAR ADJUSTED DILUTED EPS GUIDANCE.Q3 REVENUE ROSE 4 PERCENT TO C$1.94 BILLION.Q3 EARNINGS PER SHARE C$0.70.Q3 PRESENTED CHALLENGES ACROSS SUPPLY CHAIN.CANADIAN PACIFIC RAILWAY - QTRLY REPORTED OR, WHICH INCLUDES KCS ACQUISITION-RELATED COSTS, INCREASED BY 200 BASIS POINTS TO 60.2 PERCENT.NOW EXPECTS LOW SINGLE-DIGIT VOLUME GROWTH IN 2021, AS MEASURED IN REVENUE TON-MILES, COMPARED TO 2020.REMAINS CONFIDENT THAT IT WILL DELIVER FULL-YEAR DOUBLE-DIGIT ADJUSTED DILUTED EPS GROWTH IN 2021.UNDERLYING DEMAND ENVIRONMENT REMAINS STRONG.CANADIAN PACIFIC RAILWAY - WILL CONTINUE ITS WORK PREPARING TO CREATE FIRST SINGLE-LINE RAIL NETWORK LINKING U.S., MEXICO AND CANADA.QTRLY ADJUSTED DILUTED EPS OF $0.88.

CP Says Increasing Estimates For Revenue Synergy From KCS Deal

Sept 16 (Reuters) - Canadian Pacific Railway Ltd <CP.TO>::CANADIAN PACIFIC RAILWAY EXEC SAYS INCREASING ESTIMATES FOR REVENUE SYNERGY FROM KCS DEAL - INVESTOR CALL.CP EXEC SAYS WHEN FULLY REALIZED, AFTER 3-YEAR PERIOD, EXPECT ANNUAL $800 MILLION OF EBITDA GROWTH THROUGH INCREMENTAL REVENUE OF JUST OVER $1 BILLION.CP EXEC SAYS "HAVE A HIGH CONFIDENCE IN OUR ABILITY" TO EXCEED $1 BILLION IN SYNERGIES.CP EXEC SAYS FILED AMENDED NOTICE FOR MERGER APPLICATION YESTERDAY WITH STB.Further company coverage: CP.TO. ((Reuters.Briefs@thomsonreuters.com;)).

Canadian Pacific and Kansas City Southern Execute Agreement to Combine

Sept 15 (Reuters) - Canadian Pacific Railway Ltd <CP.TO>::CANADIAN PACIFIC AND KANSAS CITY SOUTHERN EXECUTE AGREEMENT TO COMBINE, CREATING FIRST SINGLE-LINE RAIL NETWORK LINKING U.S.-MEXICO-CANADA.KANSAS CITY SOUTHERN - STOCK AND CASH TRANSACTION REPRESENTS AN ENTERPRISE VALUE OF APPROXIMATELY $31 BILLION.KANSAS CITY SOUTHERN - DEAL EXPECTED TO CREATE ANNUALIZED SYNERGIES OF APPROXIMATELY $1 BILLION WITHIN THREE YEARS.KANSAS CITY SOUTHERN - CP AGREED TO ACQUIRE KCS IN A STOCK AND CASH TRANSACTION REPRESENTING AN ENTERPRISE VALUE OF APPROXIMATELY USD$31 BILLION.KANSAS CITY SOUTHERN - FOLLOWING CLOSING INTO VOTING TRUST, SHAREHOLDERS OF KCS WILL RECEIVE 2.884 CP SHARES AND $90 IN CASH FOR EACH KCS COMMON SHARE.KANSAS CITY SOUTHERN - PREFERRED SHAREHOLDERS WILL RECEIVE $37.50 IN CASH FOR EACH KCS PREFERRED SHARE HELD.KANSAS CITY SOUTHERN - FIXED EXCHANGE RATIO IMPLIES A PRICE FOR KCS OF $300 PER SHARE.KANSAS CITY SOUTHERN - COMBINATION IS EXPECTED TO BE ACCRETIVE TO CP'S ADJUSTED EPS IN FIRST FULL YEAR FOLLOWING CP'S ACQUISITION OF CONTROL OF KCS.KANSAS CITY SOUTHERN - DEAL EXPECTED TO GENERATE DOUBLE-DIGIT ACCRETION UPON FULL REALIZATION OF SYNERGIES THEREAFTER.KANSAS CITY SOUTHERN - DEAL FOR TO FUND STOCK CONSIDERATION OF MERGER, CP WILL ISSUE 44.5 MILLION NEW SHARES.KANSAS CITY SOUTHERN - DEAL FOR CP WILL ASSUME APPROXIMATELY $3.8 BILLION OF KCS' OUTSTANDING DEBT.KANSAS CITY SOUTHERN - FOLLOWING CLOSING INTO TRUST, CP EXPECTS THAT ITS OUTSTANDING DEBT WILL BE APPROXIMATELY $20 BILLION.

Kansas City Southern Says Received Revised Proposal From Canadian Pacific

Sept 12 (Reuters) - Kansas City Southern <KSU.N>::RECEIVES REVISED PROPOSAL FROM CANADIAN PACIFIC THAT BOARD OF DIRECTORS DETERMINES IS A "COMPANY SUPERIOR PROPOSAL".KANSAS CITY-KCS BOARD DETERMINED THAT CP'S REVISED PROPOSAL CONSTITUTES "COMPANY SUPERIOR PROPOSAL" AS IN KCS'S AGREEMENT WITH CANADIAN NATIONAL.UNDER TERMS OF CP'S PROPOSAL, EACH SHARE OF KCS COMMON STOCK WOULD BE EXCHANGED FOR 2.884 CP COMMON SHARES AND $90 IN CAS.HOLDERS OF KCS PREFERRED STOCK WOULD RECEIVE $37.50 IN CASH FOR EACH SHARE OF KCS PREFERRED STOCK HELD.PROPOSAL IS BINDING ON CP AND MAY BE ACCEPTED BY KCS AT ANY TIME PRIOR TO 5:00 PM EDT ON MONDAY, SEPTEMBER 20, 2021.

Kansas City Southern Board Expected To Meet Likely To Open Talks With CP-CNBC, Citing Sources

Sept 3 (Reuters) - :KC SOUTHERN BOARD EXPECTED TO MEET LIKELY TO OPEN TALKS WITH CP- CNBC, CITING SOURCES.KANSAS CITY SOUTHERN BOARD TO DEEM CP DEAL LIKELY TO LEAD TO SUPERIOR OFFER - CNBC, CITING SOURCES.Further company coverage: CNR.TOCP.TOKSU.N. ((Reuters.Briefs@thomsonreuters.com;)).

CP Says Applauds KCS Board Of Directors' Decision To Delay Stockholder Vote

Aug 12 (Reuters) - Canadian Pacific Railway Ltd <CP.TO>::CP APPLAUDS KCS BOARD OF DIRECTORS' DECISION TO DELAY STOCKHOLDER VOTE.CP OFFER PROVIDES GREATER REGULATORY AND VALUE CERTAINTY.CANADIAN PACIFIC-CP HAS FILED PROXY STATEMENT ASKING STOCKHOLDERS TO VOTE "AGAINST" PROPOSED CN-KCS COMBINATION AT AUG. 19 KCS SPECIAL MEETING.CP-KCS BOARD RIGHTLY SAYS STOCKHOLDERS SHOULD HAVE BENEFIT OF STB DECISION TO MAKE INFORMED DECISION, BE ABLE TO CONSIDER ALTERNATIVE PROPOSALS.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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