CP Rail still seeking regulatory OK for KCS deal in case CN deal fails
Business Related
Yes
In this Nov. 5, 2004 file photo, the logo of Kansas City Southern is down on a restored 1954 Kansas City Southern passenger locomotive at Union Station in Kansas City, Mo. THE CANADIAN PRESS/AP-Norman Ng/The Kansas City Star via AP
CALGARY – Canadian Pacific Railway Ltd. says it is still seeking regulatory approval to acquire Kansas City Southern in case the U.S. railway’s deal with rival Canadian National Railway Co. is unable to go ahead.
In a letter to the U.S. Surface Transportation Board, the Calgary-based railway says it intends to proceed with its application seeking authority to acquire KCS, despite being rebuffed by the U.S. railway’s board earlier this month.
CN and KCS reach merger deal while CP Rail still seeks regulatory OK as backup - Business News castanet.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from castanet.net Daily Mail and Mail on Sunday newspapers.
Ross Marowits
In this Nov. 5, 2004 file photo, the logo of Kansas City Southern is down on a restored 1954 Kansas City Southern passenger locomotive at Union Station in Kansas City, Mo. THE CANADIAN PRESS/AP-Norman Ng/The Kansas City Star via AP May 21, 2021 - 9:56 AM
Kansas City Southern has formally backed a merger offer from Canadian National Railway Co. but Canadian Pacific Railway Ltd. says will still seek regulatory approval for its rival offer in case the CN deal is unable to proceed.
The agreement between CN Rail and the U.S. railways was unanimously approved by each company s board of directors. It comes a day after CP Rail said it wouldn t increase its offer for KCS.
CP Rail still seeks regulatory OK for KCS deal winnipegfreepress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from winnipegfreepress.com Daily Mail and Mail on Sunday newspapers.
CN fires latest salvo in battle with CP Rail; analyst survey says shippers prefer CP
Business Related
Yes
In this Nov. 5, 2004 file photo, the logo of Kansas City Southern is down on a restored 1954 Kansas City Southern passenger locomotive at Union Station in Kansas City, Mo. THE CANADIAN PRESS/AP-Norman Ng/The Kansas City Star via AP
CALGARY – Railroad shippers have a much more negative view of a bid by Canadian National Railway Co. to take over the Kansas City Southern railroad than a competing offer by Canadian Pacific Railway Ltd., according to a “snap survey” published by a U.S. financial analyst on Friday.