Canadian Pacific Highlights Why CP-KCS is the One Transaction in the Public Interest and that the STB Processes Should Reflect that Fact
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 o...
Source: prnewswire.com