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The Federal Trade Commission has named Aviv Nevo as the new FTC Bureau of Economics Director, filling a position left vacant since February 2022. Professor Nevo’s appointment was unanimously approved by the FTC commissioners.
The emergency removal of over half the transit authority’s rail cars in October has exposed the dangers which the region’s political establishment had been willing to expose the public to in order to keep the economy running.
/PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) sent the following letter to the Surface Transportation Board ("STB") today in response to...
Kansas City Southern chooses CN bid, terminates CP merger agreement CP asking Surface Transportation Board to allow railway to keep application on hold as CN-KCS merger process plays out 1 324 4 minutes read Kansas City Southern has decided to accept CN's merger offer. (Photos: Jim Allen/FreightWaves, CN) The board of directors for Kansas City Southern (KCS) unanimously determined last week that CN’s offer to acquire KCS was “superior.” But Friday’s announcement seals the deal. As a result, KCS has terminated its merger agreement with CP and has entered into a merger agree...
Share: Canadian Pacific (NYSE: CP) and it's going with the merger offer from CP rival The board of directors for Kansas City Southern (KCS) unanimously determined last week that CN's offer to acquire KCS was "superior." But Friday's announcement seals the deal. As a result, KCS has terminated its merger agreement with CP and has entered into a merger agreement with CN. The agreement calls for each share of KCS common stock to be exchanged for $200 in cash and 1.129 shares of CN common stock, according to a KCS release. KCS said it paid a $700 million breakup fee, which CN will reimburse.