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TCI claims CN s board of directors would be negligent and hugely irresponsible to risk C$2 billion of shareholders money based on STB s still-to-come decision on approving the voting trust for the CN-KCS transaction. That figure includes a US$1 billion break fee if the STB fails to approve the trust and the US$700 million break fee on the CP deal that CN says it would cover. TCI argues CN should abandon its pursuit of the U.S. railway unless its merger agreement is amended so that it is not conditional on a voting trust being approved. Unlike CP Rail, whose proposed takeover of KCS received an exemption from strict merger rules enacted in 2001, the regulator says CN would face a tougher standard, adding that the use of a voting trust is a privilege, not a right and will be available only on rare occasions.

United kingdomCanadian pacific railway ltdKansas city southernCn railwayFund managementCanadian pacific railwayTransportation boardCanadian pressஒன்றுபட்டது கிஂக்டம்கனடியன் பெஸிஃபிக் ரயில்வே லிமிடெட்கன்சாஸ் நகரம் தெற்குகின் ரயில்வேநிதி மேலாண்மைகனடியன் பெஸிஃபிக் ரயில்வேபோக்குவரத்து பலகைகனடியன் ப்ரெஸ்