CP to STB: CN + KCS ‘Plainly Flunks End-to-End Test’
CP to STB: CN + KCS ‘Plainly Flunks End-to-End Test’ Written by William C. Vantuono, Editor-in-Chief
Canadian Pacific President and CEO and CP s legal team (left to right): David L. Meyers, Sophia A. Vandergrift and Jeffrey J. Ellis.
Canadian Pacific on April 30 filed a formal objection with the Surface Transportation Board stating that CN “does not qualify for a waiver of the STB’s rules for major transactions, with respect to CN’s unsolicited proposal for Kansas City Southern.”
CP contends that a CN/KCS transaction “does not satisfy any of the criteria that the STB relied upon in finding that the waiver should apply to a CP/KCS transaction, which the STB granted to CP on April 23, 2021.” CP’s filing, by attorneys David L. Meyers, Sophia A. Vandergrift of Sullivan & Cromwell LLP and Canadian Pacific Chief Legal Officer and Corporate Secretary Jeffrey J