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CP’s letter, reproduced below in full, comes three days after CN proposed a voting trust using the same trustee, former KCS President and CEO Dave Starling. “STB has already decided that CP’s proposed use of a voting trust is subject to the pre-2001 merger rules, which entails different standards and processes than those governing CN proposal for review under current regulations,” CP said. The letter is from whom many industry observers say is arguably one of the best railroad regulatory attorneys in practice today, David L. Meyer: The Honorable Cynthia T. Brown Chief, Section of Admi...

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CP: CN’s Voting Trust Rationale ‘Contrary to Law’ April 27, 2021 Washington D.C. attorney David L. Meyer. Yet another letter. Be warned: This one, nearly 3,000 words, is from Canadian Pacific’s attorney to the Surface Transportation Board. It essentially says CN has it totally wrong by asking the STB to approve a voting trust for its proposed acquisition of Kansas City Southern under the same conditions as a CP-KCS combination. CP’s letter, reproduced below in full, comes three days after CN proposed a voting trust using the same trustee, former KCS President and CEO Dave Starling. ...

CP Addresses CN's Contention that Voting Trust Proposals Should Be Reviewed Under Same Standards and Processes News provided by Share this article Share this article STB has already decided that CP's proposed use of a voting trust is subject to the pre-2001 merger rules, which entails different standards and processes than those governing CN proposal for review under current regulations CALGARY, AB, April 27, 2021 /PRNewswire/ - Today, Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) filed the following letter with the Surface Transportation Board: The Honorable Cynthia T. Brown Chief,...

CN Letter: Former STB General Counsel Weighs In April 23, 2021 Inset: Former STB General Counsel Ray Atkins. CN image by CN. Composite illustration: Railway Age. The letters keep coming! CN on April 23 filed a letter with the Surface Transportation Board regarding CN’s “superior proposal to acquire Kansas City Southern in a cash-and-stock transaction valued at $33.7 billion, or $325 per share.” CN “lays out in detail why its proposal is pro-competitive and in the best interest of customers, and corrects misleading statements submitted to the STB by Canadian Pacific Railway Limited.”...