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KCS Shareholders to Meet on Sept. 24

Shareholders of Kansas City Southern will reconvene on Sept. 24 to chart the Class 1 railroad’s future course.

A vote on accepting a merger proposal from Canadian National had been scheduled last month but was delayed until the U.S. Surface Transportation Board ruled on a proposal by CN to place KCS stock in a voting trust while regulators reviewed the merger.

After the STB rejected the voting trust proposal earlier this week, the future of KCS turned murky.

A meeting on Friday of KCS shareholders was adjourned without any action taken on merging with CN or considering a merger proposal from Canadian Pacific.

The KCS board of directors said in a statement that it will review the company’s options and continue to make decisions based on the best interests of the company and its stockholders.

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This entry was posted on September 4, 2021 at 7:22 am and is filed under Railroad News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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