Client Work

Canadian Pacific and Kansas City Southern Sign Historic US$31-billion Merger

September 29, 2021
Authors
Jeffrey KerbelPartner
Harinder S. BasraCalgary Managing Partner
Brent W. KrausPartner
Annie B. TonkenAssociate
Anu NijhawanPartner
Jared A. MackeyPartner
Karen J. DawsonPartner
Mark S. PowellPartner
Carl CunninghamPartner
Melanie L. AitkenManaging Principal, Bennett Jones (US) LLP
Robert W. StaleyVice Chair and Partner
Adam KalbfleischPartner

Canadian Pacific Railway (CP) and Kansas City Southern (KCS) have entered into a historic US$31 billion merger, which will create the first single-line rail network linking the United States, Mexico and Canada. CP's winning bid for KCS was a superior proposal to a competing offer by Canadian National Railway.

The CP-KCS combination will enhance competition, create new options for customers and support economic growth in North America. Calgary will be the global headquarters of the combined entity, named Canadian Pacific Kansas City.

The Bennett Jones deal team advised CP on Canadian M&A, corporate/securities, tax, finance, employment and competition/antitrust matters. The deal team was led by Jeff Kerbel (corporate/securities) and includes:

Bennett Jones' public and private M&A practice spans all industries, and particularly those that drive the Canadian economy.

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For informational purposes only

This publication provides an overview of legal trends and updates for informational purposes only. For personalized legal advice, please contact the authors.

Authors

Jeffrey Kerbel, Partner
Toronto  •   416.777.5772  •   kerbelj@bennettjones.com
Harinder S. Basra, Calgary Managing Partner  •   Co-Head of Energy Practice
Calgary  •   403.298.4494  •   basrah@bennettjones.com
Brent W. Kraus, Partner  •   Co-Head of Mergers & Acquisitions Practice
Calgary  •   403.298.3071  •   krausb@bennettjones.com
Annie B. Tonken, Associate
Calgary  •   403.298.3456  •   tonkena@bennettjones.com
Anu Nijhawan, Partner  •   Co-Head of Tax Department
Calgary  •   403.298.3389  •   nijhawana@bennettjones.com
Jared A. Mackey, Partner
Calgary  •   403.298.4471  •   mackeyj@bennettjones.com
Karen J. Dawson, Partner  •   Co-Head of Banking & Secured Transactions Practice
Calgary  •   403.298.3302  •   dawsonk@bennettjones.com
Mark S. Powell, Partner
Calgary  •   403.298.3365  •   powellm@bennettjones.com
Carl Cunningham, Partner  •   Co-Head of Employment Services Practice
Toronto  •   416.777.4847  •   cunninghamc@bennettjones.com
Melanie L. Aitken, Managing Principal, Bennett Jones (US) LLP  •   Head of Competition, Antitrust & Foreign Investment Practice
New York - United States  •   416.777.4855  •   aitkenm@bennettjones.com
Robert W. Staley, Vice Chair and Partner
Toronto  •   416.777.4857  •   staleyr@bennettjones.com
Adam Kalbfleisch, Partner
Toronto  •   416.777.5757  •   kalbfleischa@bennettjones.com