Canadian Pacific Railway\u0027s takeover of Kansas City Southern Railway clears final regulatory hurdle. Find out more
CP has said the merger will build a more efficient and competitive rail network, and provide customers with a more reliable and economical transportation option serving critical north-south trade flows.
In its decision Wednesday morning, the Surface Transportation Board said the merger is “end to end,” meaning there are few overlapping routes. It will speed up freight travel time, enhance efficiency and allow for better competition with the other five, larger U.S. railways, it said. “Even end-to-end mergers, however, can pose competitive risks, and indeed this decision overturns prior agency precedent that did not sufficiently recognize such concerns.”
CP and KCS first announced a friendly offer in March of 2021 after a behind-the-scenes duel over the U.S. railway.
France Dernières Nouvelles, France 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.
U.S. board to announce decision on CP Rail's acquisition of Kansas City SouthernWASHINGTON — The Surface Transportation Board said it plans to announce on Wednesday whether it will approve or reject Canadian Pacific’s $31 billion deal to…
Lire la suite »
U.S. regulator approves Canadian Pacific Railway deal to buy Kansas City SouthernCanadian Pacific Railway\u0027s deal to acquire Kansas City Southern has been approved by U.S. regulators with conditions. Find out more
Lire la suite »
U.S. regulator approves Canadian Pacific Railway deal to buy Kansas City SouthernCanadian Pacific Railway\u0027s deal to acquire Kansas City Southern has been approved by U.S. regulators with conditions. Find out more
Lire la suite »
Canadian Pacific wins U.S. approval for $27B purchase of Kansas City SouthernCanadian Pacific Railway Ltd. received a green light to complete its $27 billion acquisition of Kansas City Southern, overcoming opposition from shippers and…
Lire la suite »
Canadian Pacific Railway wins U.S. regulatory approval to buy Kansas City SouthernCanada’s second-biggest rail shipper gets green light to forge a network that reaches the Gulf of Mexico and Pacific Ocean via the North American industrial heartland
Lire la suite »