![]() STB granted a waiver to CP's $25 billion agreed bid for Kansas City Southern, which means the deal would not be subjected to the tougher railroad merger rules the regulator put in place in 2001.ĬN said on April 20 it had offered to buy KCS railroad for about $33.7 billion. Start earning in your city Sign up to drive Sign up to drive. and Mexico.ĬN said on Thursday that it was encouraged by the STB's decision to approve the voting trust and maintained that it had presented a better bid. Uber Reveals 2022 Airport of the Year Award Winners. "CP would then acquire KCS shares and place them into the voting trust, at which point KCS shareholders will receive their consideration", Canadian Pacific said.ĬP and its larger rival Canadian National are in race to take over KCS, which would create the first direct railway linking Canada, U.S. "In order to close into voting trust, the transaction requires approval from shareholders of both companies along with satisfaction of customary closing conditions," CP said in a statement on Thursday. ![]()
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