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Press release content from PR Newswire. The AP news staff was not involved in its creation. Canadian Pacific Files Formal Objection to Canadian National Using Merger Waiver that STB Granted To CP/KCS Transaction May 1, 2021 GMT Figure 1 (CNW Group/Canadian Pacific) Letter outlines six principal arguments for why the CN/KCS transaction be reviewed under 2001 merger rules CN/KCS transaction plainly flunks the “end-to-end” test for applying the pre-2001 rules CALGARY, AB, May 1, 2021 /PRNewswire/ - Canadian Pacific Railway Limited (“CP”) (TSX: CP) (NYSE: CP) yesterday filed a formal obje...

CP to STB: CN + KCS ‘Plainly Flunks End-to-End Test’ CP to STB: CN + KCS ‘Plainly Flunks End-to-End Test’ Written by William C. Vantuono, Editor-in-Chief Canadian Pacific President and CEO and CP's legal team (left to right): David L. Meyers, Sophia A. Vandergrift and Jeffrey J. Ellis. Canadian Pacific on April 30 filed a formal objection with the Surface Transportation Board stating that CN “does not qualify for a waiver of the STB’s rules for major transactions, with respect to CN’s unsolicited proposal for Kansas City Southern...

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...

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,...