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9/3/2021
Kansas City Southern has rescheduled until Sept. 24 a special meeting of stockholders to vote on the CN merger agreement and other proposals.
KCS adjourned the special meeting that had been scheduled for today.
All stockholders of record of KCS common stock and KCS 4% non-cumulative preferred stock as of the close of business on July 1, 2021, remain entitled to vote their shares at the special meeting, KCS officials said in a press release.
As previously disclosed, KCS is working to evaluate its options and the Class I's board will continue to make decisions based on the best interests of the company and its stockholders, they said.
Earlier this week, after the Surface Transportation Board rejected the use of a voting trust in the proposed CN-KCS merger. KCS confirmed that it received an unsolicited proposal from Canadian Pacific reaffirming CP’s interest in acquiring KCS.