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Regulators approve CP’s and KCS’ request to form pre-merger voting trust CP and rival bidder CN satisfied with STB’s decision 1 206 3 minutes read The Surface Transportation Board ruled Thursday on Canadian Pacific and Kansas City Southern's request for a merger-related voting trust. (Photo: Jim Allen/FreightWaves) The Surface Transportation Board (STB) has determined that Canadian Pacific (NYSE: CP) and Kansas City Southern (NYSE: KSU) can proceed with establishing a voting trust as a way to protect Kansas City Southern (KCS) and its shareholders during the merger process. CP...

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Aduro Clean Technologies Inc. Announces Closing of Transaction with Aduro Energy and Fundamental Change under the Policies of the CSE VANCOUVER, BC / ACCESSWIRE / April 28, 2021 / Aduro Clean Technologies Inc. (CSE: ACT) (the " Company" or " Aduro Clean Technologies"), formerly Dimension Five Technologies Inc. (CSE: DFT), is pleased to announce that, further to its news releases dated July 14, 2020, October 23, 2020 and April 6, 2021, the Company has completed its acquisition (the " Transaction") of all of the issued and outstanding shares of Aduro Energy Inc. (" Aduro Energy") from the secu...

As soon as the STB issued its decision granting Kansas City Southern a waiver from prevailing merger rules established about 20 years ago, KCS—following the terms of its existing merger agreement with Canadian Pacific—said it would now consider CN’s counter-offer. KCS reported April 24 that its Board of Directors has determined that the unsolicited merger proposal it received from CN on April 20 might end up “superior” to the KCS-Canadian Pacific (CP) merger agreement announced March 21. KCS now intends to engage in discussions with CN. Both CP and CN have responded, each with lang...