The Surface Transportation Board’s decision on Monday to hold Canadian railway CN’s (NYSE: CNI) petition to acquire Kansas City Southern (NYSE: KSU) to a higher regulatory standard has emboldened both CN and rival Canadian Pacific (NYSE: CP).
Both CN and CP are seeking to acquire Kansas City Southern (KCS). CP and KCS had announced in March plans to merge, prior to CN announcing in April that it is also interested in acquiring KCS.
CP and CN are also both Canadian railways, and each merger...
https://www.freightwaves.com/news/cn-cp-respond-to-rail-regulators-decision-on-cn-kcs-merger