Canadian Pacific Reaches $ 27 Billion Deal to Buy Kansas City Southern

Canadian Pacific Railway Ltd. struck a deal to take control of Kansas City Southern, as a rival abandoned their pursuit of the coveted railroad after a months-long battle.

The $ 27 billion deal, if concluded, would be the first major merger in the industry in the United States in about two decades and would create the first freight rail network connecting Canada, the United States and the United States. Mexico.