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.
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