Canadian pacific and kansas city southern combination approved by u.s. surface transportation board

Cp reviewing details of 212-page decision authorizing control of kcs on or after april 14 calgary, ab and kansas city, mo , march 15, 2023 /prnewswire/ - canadian pacific (tsx: cp) (nyse: cp) ("cp") and kansas city southern ("kcs") said today the u.s. surface transportation board ("stb") issued a decision approving the cp and kcs joint merger application, subject to certain conditions, thereby authorizing the two railways to combine to form canadian pacific kansas city ("cpkc"), the first single-line railway connecting the u.s., mexico and canada.  the decision authorizes cp to exercise control of kcs as early as april 14, 2023, at or after which point cp and kcs would combine to create the new cpkc.
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