CP, Still in Pursuit of KCS, Ups Its Ante; STB Voting Trust Decision Could Come Soon (UPDATED)
Written by William C. Vantuono, Editor-in-ChiefAugust 10, 2021, 1:30 PM EDT: More than likely anticipating that the Surface Transportation Board will reject the CN/Kansas City Southern voting trust, and soon—prior to the Aug. 19 KCS shareholder vote to approve or reject CN’s $325 per-share offer to acquire KCS—Canadian Pacific has submitted a US$300 per-share offer to KCS that consists of $90 in cash plus shares.
![“Thanks to Secretary Pete [Buttigieg], USDOT, the Federal Railroad Administration and all our partners for making the S-Line passenger rail a reality!!” NCDOT Secretary Joey Hopkins said in a July 1 LinkedIn post. “Thanks to the hard work of our NCDOT team we broke ground on the first construction project in the Raleigh to Wake Forest segment, a $19M project to grade separate Durant Road 7 months after the grant announcement!!” (Photograph Courtesy of Joey Hopkins)](https://www.railwayage.com/wp-content/uploads/2024/07/slinelead-315x168.png)