Canadian Pacific’s pursuit of Kansas City Southern (KCS) railroad may be back on, after US lawyers described rival Canadian National’s higher bid as a “risk to competition”.
In a filing to the Surface Transportation Board (STB), the US Department of Justice said the STB should not permit a CN-KCS tie-up which “appears to pose greater risks to competition” than a merger with CP.
The filing claims the deal could spark “potential elimination …
The post Faint hope for CP in battle for KCS railroad as DoJ objects to CN bid appeared first on The Loadstar.
Source: The Loadstar
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