Canadian pacific files formal objection to canadian national using merger waiver that stb granted to cp/kcs transaction

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 objection with the surface transportation board ("stb") stating that canadian national ("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 ("kcs"). in its letter, cp explains that the cn/kcs transaction does not satisfy any of the criteria that the stb relied upon in finding that the waiver should apply to a cp/kcs transaction, which the stb granted to cp on april 23, 2021.
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