CP Remains Confident in Superior Status as Only Viable Class 1 Combination with KCS
CALGARY, AB, June 1, 2021 /CNW/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ( CP ) today announced that more than 130 stakeholders have filed statements with the Surface Transportation Board ( STB ) requesting the STB reject Canadian National s ( CN ) proposed use of a voting trust. This brings the total letters submitted to more than 960, including 250-plus expressing concern about CN and Kansas City Southern s ( KCS ) combination, its use of a voting trust, or both, and more than 730 in support of CP-KCS.
The opposition letters – from a range of stakeholders including shippers, ports, local governments, transportation associations and other stakeholders – highlight the extensive risks the proposed CN-KCS voting trust poses to competition by reducing shipper options. Stakeholders also expressed strong concerns over the likelihood of reduced service quality and infrastructure invest
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OTTAWA (dpa-AFX) - Responding to Canadian National Railway Co. s (CNI, CNR.TO) or CN commitment to divest and Kansas City Southern s (KSU) or KCS line between New Orleans and Baton Rouge, Canadian Pacific Railway Limited (CP, CP.TO) said Thursday that CN s commitment does not come close to solving the anti-competitive problems inherent in the proposed CN/KCS transaction.
CP noted that CN s commitment to divest this 70-mile line is clear recognition by CN that it and KCS have always been head-to-head competitors, contrary to CN s repeated claims that the combination was end-to-end.
On Wednesday, Canadian National Railway nd Kansas City Southern said they jointly filed with the Surface Transportation Board or STB a renewed motion for approval of its voting trust that outlines the case for approval of the voting trust to advance the CN-KCS merger that will enhance competition, Canadian National Railway said in a statement.
Canadian Pacific Comments on Inadequate Commitment from Canadian National to Divest KCS Line Between New Orleans and Baton Rouge
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Commitment Does Not Eliminate Anti-Competitive Issues with CN Proposal
CALGARY, AB, May 27, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today issued the following statement in response to Canadian National s ( CN ) commitment to divest Kansas City Southern s ( KCS ) line between New Orleans and Baton Rouge:
CN s commitment to divest this 70-mile line is clear recognition by CN that it and KCS have always been head-to-head competitors, contrary to CN s repeated claims that the combination was end-to-end. However, CN s commitment does not come close to solving the anti-competitive problems inherent in the proposed CN/KCS transaction.
OTTAWA (dpa-AFX) - Canadian National Railway Co. (CNI, CNR.TO) or CN and Kansas City Southern (KSU) or KCS jointly filed with the Surface Transportation Board or 'STB' a renewed motion for approval
/PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) sent the following letter to the Surface Transportation Board ("STB") today in response to.