Union Pacific wants the Surface Transportation Board to reject a merger application of Canadian Pacific and Kansas City Southern for now, calling the application “incomplete.” But CP has fired back at UP’s and other rails’ support for extending the merger proceeding timeline.
UP (NYSE: UNP) says the merger application doesn’t have all the information needed to satisfy market analysis and operational data requirements. The company is asking the board to require CP (NYSE: CP) and KCS (NYSE: KSU)...
https://www.freightwaves.com/news/union-pacific-wants-stb-to-put-cp-kcs-merger-application-on-ice