Canadian Pacific Railway Limited has received the required regulatory clearance from the Committee on Foreign Investment in the United States (“CFIUS”) for the proposed combination of CP and Kansas City Southern (“KCS”). CP completed its acquisition of KCS on Dec. 14, 2021. Immediately upon the closing of the acquisition, the shares of KCS were placed into a voting trust which ensures KCS will operate independently of CP while the US. Surface Transportation Board (“STB”) completes its regulatory review in early 2023.
