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CP Rail shows support of Kansas City deal

CP Rail facing little opposition so far to deal for U S railway as it shows support - Medicine Hat NewsMedicine Hat News

CP Rail facing little opposition so far to deal for U.S. railway as it shows support Business Related Government policy Canadian Pacific Rail locomotives sit idle at the company s Port Coquitlam yard east of Vancouver, B.C., on May 23, 2012. Canadian Pacific Railway is facing scant opposition so far over its bid for Kansas City Southern, a turn of events from prior takeover efforts. THE CANADIAN PRESS/Darryl Dyck Canadian Pacific Railway is facing scant opposition so far over its US$25-billion bid for Kansas City Southern in a turn of events from prior takeover efforts. Wasatch Railroad Contractors, a rail-oriented business in Wyoming, has made the lone filing with the U.S. Surface Transportation Board arguing against the deal.

CP Rail facing little opposition so far to deal for U S railway as it shows support

CP Rail facing little opposition so far to deal for U.S. railway as it shows support by The Canadian Press Last Updated Apr 1, 2021 at 3:58 pm EDT Canadian Pacific Railway is facing scant opposition so far over its US$25-billion bid for Kansas City Southern in a turn of events from prior takeover efforts. Wasatch Railroad Contractors, a rail-oriented business in Wyoming, has made the lone filing with the U.S. Surface Transportation Board arguing against the deal. Chairman and CEO John Rimmasch wrote that the merger would allow a Canadian-based railroad a dominating monopoly in the United States and create the only rail system with direct ownership of track and trackage rights to Canada, the U.S. and Mexico.

Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange
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Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange
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