North Dakota Grain Dealers Association re-iterates support for CP-KCS combination, expresses opposition to CN bid 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.
Dear Ms. Brown:
I am writing on behalf of the Canadian Pacific Applicants.
1 As the Board is no doubt aware, Canadian National (CN) has made an unsolicited offer to acquire Kansas City Southern (KCS), and has asked the Board of Directors of Kansas City Southern to consider that offer. CN Press Release (Apr. 20, 2021). CN has informed KCS that its proposal would require the same regulatory approvals as those required under the agreement with CP and that CN would seek to obtain[] such regulatory approvals on the same terms as in the merger agreement with CP, including through the use of the same voting trust arrangement.
Supporters Urge the STB to Review the Transaction Efficiently to Realize Benefits to All Stakeholders
CALGARY, AB and KANSAS CITY, Mo., April 20, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ( CP ) and Kansas City Southern (NYSE: KSU) ( KCS ) today announced that Bartlett Grain, Port of Milwaukee, Asociación Mexicana de la Industria Automotriz A.C. (AMIA) were among stakeholders that filed statements with the Surface Transportation Board ( STB ) in support of the planned combination between the two companies. They join over 405 supporters across the broad spectrum of the transportation supply chain that have filed letters with the STB.
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Canadian Pacific Transaction Offers Greater Certainty for KCS Stockholders, Creates More Rail Competition for Shippers and is Better for North America
Remaining the Smallest Class 1 Railroad, a CP/KCS Combination is the Only Deal that Appropriately Manages Regulatory Risk and Creates Significant Benefits for Customers and Stakeholders
Over 400 Customers and Stakeholders Across the Transportation Supply Chain Have Filed Letters in Support of a CP/KCS Combination
CALGARY, AB, April 20, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today issued the following statement regarding Canadian National s unsolicited offer to acquire Kansas City Southern ( KCS ):