Canadian Pacific shareholders yesterday voted overwhelmingly in favor of the issuance of CP common shares to Kansas City Southern common stockholders in connection with the proposed CP-KCS combination.

The CP shareholders voted on two items during yesterday's special meeting. The first vote was to approve the issuance of up to 277,960,197 CP common shares as the share consideration under the terms of the merger agreement. The second vote was to approve the Class I’s name change to Canadian Pacific Kansas City Ltd. The name change depends on the proposed merger’s approval by the U.S. Surface Transportation Board (STB).