Kansas City Southern and Canadian Pacific Just Announced the Largest Railroad Merger Ever: Will Antitrust Issues Block It?
Canadian Pacific Railway (NYSE: CP) is looking to the south for growth, announcing plans to acquire Kansas City Southern (NYSE: KSU) for $29 billion.
The deal is the largest ever between two railroads, though the price does fall just short of the total valuation of Burlington Northern Santa Fe when that company was acquired by Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B).
It's also a rarity for an industry where large-scale consolidation has essentially been off the table since 2000 due to regulatory concerns.
Source Fool.com
