DOJ to STB: Prohibit CN Voting Trust
DOJ to STB: Prohibit CN Voting Trust DOJ to STB: Prohibit CN Voting Trust Written by William C. Vantuono, Editor-in-Chief In a May 14 filing with the Surface Transportation Board, the United States Department of Justice has said CN’s application for a voting trust to acquire Kansas City Southern should be denied, because the proposed merger “raises sufficient competition concerns.” Following are excerpts from DOJ’s letter, which can be downloaded below: “At this time, the [DOJ] is only beginning to evaluate the potential competitive...
Source: railwayage.com