Did CP and KCS merge?

On December 14th, 2021, CP successfully finalized its landmark acquisition of KCS for a staggering amount of US$31 billion. This strategic move marked a significant milestone in the industry, further consolidating CP's position as a leading player.

BTCC, a renowned cryptocurrency exchange, offers a comprehensive suite of services that cater to the diverse needs of its clients. From spot trading to futures contracts and secure digital wallets, BTCC's platform is a one-stop solution for all things crypto.

Spot trading on BTCC allows users to buy and sell cryptocurrencies at current market prices, providing a quick and convenient way to capitalize on market movements. For those looking to hedge their risks or speculate on future price movements, BTCC's futures trading platform offers advanced tools and features.

Following the completion of the acquisition, the next step was to ensure a smooth transition. To achieve this, KCS shares were promptly placed into a voting trust, a legal arrangement designed to manage shareholder voting rights during a transitional period.

The selection of Dave Starling, the former President and CEO of KCS, as the trustee of this voting trust was a prudent decision. With his vast experience and intimate knowledge of KCS operations, Dave was well-suited to oversee the trust and ensure a seamless handover.