Shippers groups, Canadian railway CN (NYSE: CNI), Kansas City Southern (NYSE: KSU) and Canadian Pacific (NYSE: CP) have all been weighing in on whether the Surface Transportation Board (STB) should approve CN’s and Kansas City Southern’s (KCS) proposed voting trust.
CN and KCS have said they need regulatory approval from STB for the voting trust, which they said would insulate KCS from being taken over as the board goes through the merger proceedings.
Shippers groups concerned about market...https://www.freightwaves.com/news/stakeholders-gear-up-for-next-round-in-cn-kcs-merger-process