Cp responds to stb's june 28 schedule for public comment on cn-kcs voting trust proposal

Cn voting trust is not in the public interest; its approval would pre-judge stb review, harm competition, risk cn shifting financial burdens to shippers, and pave the way for additional u.s. rail consolidation the next  20 days will determine the course of competition for u.s. railroading and north american commerce for the next 150 years calgary, ab, june 8, 2021 /prnewswire/ - canadian pacific railway limited (tsx: cp) (nyse: cp) ("cp") today issued the following statement in response to the surface transportation board's ("stb") schedule calling for comments by june 28 on canadian national's ("cn") use of a voting trust in connection with its proposed combination with kansas city southern ("kcs"): cp looks forward to the stb's review of cn's proposed voting trust under the 2001 merger rules. as noted previously by the stb, voting trusts are a "privilege, not a right" and "should not be used routinely, but rather should be available only for those rare occasions when their use would be beneficial.
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