Committee Gives CP-KCS Merger an OK

An interagency federal government committee has given its approval of the proposed merger of Canadian Pacific and Kansas City Southern.

The Committee on Foreign Investment in the United States is authorized to review certain transactions involving foreign investment and certain real estate transactions by foreign entities to determine their effect on national security.

The merger is still being reviewed by the U.S. Surface Transportation Board. That review is expected to be completed by early 2023.

Tags: Canadian Pacific, Class 1 railroad mergers, Committee on Foreign Investment in the United States, CP-KCS merger, Kansas City Southern, mergers and acquisitions