Canadian Pacific (CP) has hailed regulators for making the “right move” in blocking a joint motion voting trust between Canadian National (CN) and Kansas City Southern (KCS).
The US Surface Transportation Board (STB) delivered its verdict yesterday, after months of deliberation, as CP launched an all-out PR offensive to save the $29bn deal it believed sealed in March, before CN swept in with a late $33bn offer, gazumping its rival.
CP CEO …
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Source: The Loadstar