Davidl Meyer News Today

The Federal Trade Commission has named Aviv Nevo as the new FTC Bureau of Economics Director, filling a position left vacant since February 2022. Professor Nevo’s appointment was unanimously approved by the FTC commissioners.

The emergency removal of over half the transit authority’s rail cars in October has exposed the dangers which the region’s political establishment had been willing to expose the public to in order to keep the economy running.

/PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) sent the following letter to the Surface Transportation Board ("STB") today in response to...

Kansas City Southern chooses CN bid, terminates CP merger agreement CP asking Surface Transportation Board to allow railway to keep application on hold as CN-KCS merger process plays out 1 324 4 minutes read Kansas City Southern has decided to accept CNs merger offer. (Photos: Jim Allen/FreightWaves, CN) The board of directors for Kansas City Southern (KCS) unanimously determined last week that CN’s offer to acquire KCS was “superior.”  But Friday’s announcement seals the dea...

Share: Canadian Pacific (NYSE: CP) and its going with the merger offer from CP rival The board of directors for Kansas City Southern (KCS) unanimously determined last week that CNs offer to acquire KCS was "superior."  But Fridays announcement seals the deal. As a result, KCS has terminated its merger agreement with CP and has entered into a merger agreement with CN. The agreement calls for each share of KCS common stock to be exchanged for $200 in cash and 1.129 shares of CN common stock, ac...

Canadian National Ry. – Control – Kansas City Southern Dear Ms. Brown: I am writing on behalf of the Canadian Pacific 1 in response to the "Motion to Adopt Procedural Schedule for Renewed Motion for Approval of Voting Trust Agreement" (CN-15) filed by Canadian National ("CN") this morning.  CNs proposed "three business day" period for public comment on a "Renewed Motion" it has not yet prepared or filed is not constructive, 2 and is based on the false premise that members of the public we...

CP’s letter, reproduced below in full, comes three days after CN proposed a voting trust using the same trustee, former KCS President and CEO Dave Starling. “STB has already decided that CP’s proposed use of a voting trust is subject to the pre-2001 merger rules, which entails different standards and processes than those governing CN proposal for review under current regulations,” CP said. The letter is from whom many industry observers say is arguably one of the best railroad regulator...

CP: CN’s Voting Trust Rationale ‘Contrary to Law’ April 27, 2021 Washington D.C. attorney David L. Meyer. Yet another letter. Be warned: This one, nearly 3,000 words, is from Canadian Pacific’s attorney to the Surface Transportation Board. It essentially says CN has it totally wrong by asking the STB to approve a voting trust for its proposed acquisition of Kansas City Southern under the same conditions as a CP-KCS combination. CP’s letter, reproduced below in full, comes three days a...

CP Addresses CNs Contention that Voting Trust Proposals Should Be Reviewed Under Same Standards and Processes News provided by Share this article Share this article STB has already decided that CPs proposed use of a voting trust is subject to the pre-2001 merger rules, which entails different standards and processes than those governing CN proposal for review under current regulations CALGARY, AB, April 27, 2021 /PRNewswire/ - Today, Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) filed ...

Dear Ms. Brown: I am writing on behalf of the Canadian Pacific Applicants. 1  As the Board is no doubt aware, Canadian National (CN) has made an unsolicited offer to acquire Kansas City Southern (KCS), and has asked the Board of Directors of Kansas City Southern to consider that offer.  CN Press Release (Apr. 20, 2021).  CN has informed KCS that its proposal "would require the same regulatory approvals as those required under the agreement with CP" and that CN would seek to "obtain[] such re...