M&A - CANADIAN PACIFIC KANSAS CITY LTD/CN

Form Type: 11-K

Filing Date: 2025-06-27

Corporate Action: Merger

Type: New

Accession Number: 000001687525000021

Filing Summary: The document is an annual report for the CP 401(k) Savings Plan, which details the financial statements and changes in net assets for the years ended December 31, 2024, and 2023. A significant event highlighted is the merger of the CP 401(k) Savings Plan with the Canadian Pacific U.S. Salaried Retirement Income Plan, effective December 31, 2024, resulting in the transfer of $22,011,512 in assets into the CP 401(k) Savings Plan. The report includes audited financial statements indicating the net assets available for benefits reached $298,828,102 at year-end 2024, up from $240,849,541 in 2023. Key features discussed include participant contributions, employer contributions, benefits paid to participants, and compliance with ERISA regulations. The document also outlines participant vesting schedules and the Plan's management structure. Overall, the financial health of the Plan is presented positively, with notable increases in net assets and contributions.

Form Type: 8-K

Filing Date: 2025-04-03

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525071960

Filing Summary: On April 2, 2025, Canadian Pacific Kansas City Limited announced the completion of the sale of the Panama Canal Railway Company, a joint venture with the Lanco Group/Mi-Jack, to APM Terminals, which is part of A.P. Møller - Mærsk A/S. The transaction reflects the Corporation's strategic divestment from the railway company they jointly operated.