Mergers & Acquisitions Mergers & Acquisitions

Canadian Pacific-Kansas City Southern merger wins conditional, non-unanimous approval from US Surface Transportation Board

By Chris May and Khushita Vasant
  • 15 Mar 2023 20:46
  • 15 Mar 2023 20:46
Canadian Pacific Railway’s $31 billion acquisition of Kansas City Southern has been approved with conditions by the US Surface Transportation Board in a 4-1 vote, marking the first successful major rail merger in more than two decades.
In a 212-page decision, the agency green-lighted the merger despite opposition from industry

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Khushita Vasant

Chief Antitrust Correspondent, US

Khushita covers US antitrust enforcement and litigation for MLex. A former Brussels hand, she wrote about about antitrust & mergers for the Policy and Regulatory Report (PaRR), she has covered the EU's actions against Google, Apple, Facebook and Amazon to name a few. Khushita specialises in tech and patent policy coverage which featured in the Concurrences Antitrust Writing Awards. Previously as a financial journalist for The Wall Street Journal and Dow Jones Newswires, she wrote about monetary policy and the bond and currency markets. Khushita studied journalism at Mumbai University, and received an Erasmus Mundus scholarship for a masters from universities in Germany and Austria.

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