The U.S. rail regulator is giving a green light to Canadian Pacific Railway Ltd.\u0027s takeover of Kansas City Southern Railway Co.
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.
“It is thus not surprising that there is substantial shipper support for this transaction — the Board has received more than 450 support letters,” the decision reads.Article content Martin J. Oberman, chairman of the Surface Transportation Board, is slated to hold a press conference on the decision Wednesday morning.
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