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%

Business News News

Business Business Latest News,Business Business Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: CTVNews - 🏆 1. / 99 Read more »