Page 78 - கனடியன் பெஸிஃபிக் ரயில்வே லிமிடெட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
In proposed CP-Kansas City Southern merger, U S regulator says pre-2001 merger standards would apply
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U.S. regulator gives CP Railway early win as Kansas City Southern review continues Reuters 3 hrs ago (Corrects that STB decision is to uphold waiver, not approve merger)
(Reuters) -Canadian Pacific Railway Ltd on Saturday welcomed the U.S. Surface Transportation Board s (STB) decision to uphold a 2001 waiver it granted to Kansas City Southern being applicable to the merger of the two companies.
The two companies will proceed with an application under the standards in the STB s pre-2001 major merger rules, according to a statement by Canadian Pacific.
The STB, charged with the economic regulation of various modes of surface transportation, primarily freight rail, on Friday confirmed that the waiver it granted to Kansas City Southern in 2001 is applicable to the proposed friendly combination of the two companies.
U S regulator gives CP Railway early win as Kansas City Southern review continues
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