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North Dakota Grain Dealers Association re-iterates support for CP-KCS combination, expresses opposition to CN bid

Share this article Share this article CALGARY, AB, April 22, 2021 /PRNewswire/ - The North Dakota Grain Dealers Association today filed a letter with the Surface Transportation Board re-iterating its support of the Canadian Pacific (TSX: CP) (NYSE: CP)-Kansas City Southern combination. In the letter, the association also expressed its opposition to the Canadian National bid. The full text of the letter reads: The North Dakota Grain Dealers Association (NDGDA) hereby files this letter to express its opposition to the bid by CN to acquire KCS and re-iterate its support for the CP-KCS combination. As expressed in our initial letter to the Board dated March 30, 2021, NDGDA supports swift approval of the CP-KCS combination because of the significant benefits the combination should bring, including expanded markets to the North Dakota grain shippers serviced by CP and strengthened competition against the other, larger rail carriers and trucks that serve our members markets.

Union Pacific warns about downstream impacts of KCS merger

Union Pacific warns about downstream impacts of KCS merger UP also expects 2021 volumes to be 6% higher than 2020 0 172 3 minutes read A Union Pacific train heads to its next destination. (Photo: Jim Allen/FreightWaves) Any merger involving Kansas City Southern (NYSE: KSU) and either Canadian Pacific (NYSE: CP) or CN (NYSE: CNI) should be scrutinized by regulators to ensure that the combined railroad doesn’t cause downstream impacts to the value of competing railroads, the head of Union Pacific (NYSE: UNP) said Thursday. CP and Kansas City Southern (KCS) last month agreed to merge, while CN made a bid for KCS on Tuesday. For both combinations, the end result would be a railroad connecting both coasts of Canada and then south to the U.S. and Mexico.

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