News Formal

U.S. regulator says merger waiver applies to CP but KSC board says CN offer 'superior'

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 99%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

The competing bids for U.S. railway Kansas City Southern each received a boost with the U.S. regulator saying a 2001 merger waiver applies to Canadian Pacific Railway, while KCS's board says CN Rail's proposal could lead to a superior proposal.

The U.S. Surface Transportation Board recently said that a merger between CP and KCS would result in the fewest overlapping routes compared with any other Class l railroad.

KCS says its decision to engage in discussions and negotiations with CN is warranted considering the financially superior offer.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 1. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

CN Rail upgrades 2021 earnings forecast despite slight drop in Q1 profits, revenuesCanadian National Railway has boosted its earnings guidance for the year as it anticipates a recovery of the North American economy. Well at least someone is making money.
La source: CTVNews - 🏆 1. / 99 Lire la suite »