Stb unanimously rejects cn voting trust leaving kcs in position to choose cp as the right partner

Cn-kcs merger proposal proven illusory as stb notes significant threats to competition a cp-kcs combination offers short- and long-term value with regulatory certainty and cp today has written kcs board to affirm august 10 cp offer calgary, ab, aug. 31, 2021 /prnewswire/ - canadian pacific railway limited (tsx: cp) (nyse: cp) today said the surface transportation board's ("stb") decision to refuse canadian national ("cn") and kansas city southern's ("kcs") joint motion for voting trust approval is the right one for rail shippers, the freight rail industry and the north american economy. "the stb decision clearly shows that the cn-kcs merger proposal is illusory and not achievable," said keith creel, cp president and ceo.
CP Ratings Summary
CP Quant Ranking