STB Applies heavier Burden and Greater Scrutiny to CN Bid for KCS, Underscoring Heightened Regulatory Risk prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
14.05.2021 - CN’s enhanced proposal of $3251 per share values KCS at an enterprise value of $33.6 billion With Confirmatory Due Diligence Complete, CN Looks Forward to Promptly Entering into Merger Agreement with KCS MONTREAL, May 13, 2021 (GLOBE . Seite 1
/PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") today provided the following statement regarding Kansas City Southern s ("KCS").
CP Concurs with DOJ Comment Affirming Anticompetitive Nature of CN Bid for KCS
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CP-KCS Remains Only Class 1 Transaction with Ability to Close into Voting Trust
CALGARY, AB, May 14, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ( CP ) today issued the following statement in response to the Department of Justice ( DOJ ) filing with the Surface Transportation Board ( STB ) regarding Canadian National s ( CN ) proposed use of a voting trust in connection with its proposed combination with Kansas City Southern ( KCS ).
CP concurs with the DOJ s objection to CN s application forproposed use of a voting trust on the grounds that a CN merger with KCS would pose greater risks to competition than the CP-KCS agreement. The filing notes: A CN-KCS transaction poses additional dangers to competition stemming from the potential elimination of direct, parallel competition on routes served by both railroads, fo
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