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

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:

• Harinder Basra, Brent Kraus, Eric Chernin and Annie Tonken (corporate/securities)
• Scott Bodie, Anu Nijhawan and Jared Mackey (tax)
• Karen Dawson and Mark Powell (finance)
• Carl Cunningham (employment)
• Melanie Aitken, Robert Staley and Adam Kalbfleisch (competition/antitrust)

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