Kansas City Southern shareholders approve takeover by CP Rail

Kansas City Southern shareholders gave a bright green light Friday to the railway's takeover by Canadian Pacific Railway Ltd. Shareholders voted 96.6 per cent in favour at a special meeting that lasted less than 10 minutes, paving the way for the creation of the only single-line rail network connecting Canada, the United States and Mexico. The approval follows a thumbs-up from Mexican regulators last month and from CP shareholders on Wednesday. CP agreed in September to buy KCS in a deal valued