Canadian Pacific still expects federal approval of its planned acquisition of Kansas City Southern to occur sometime within the next 12 months, despite a recent pause in the proceeding.
CP (NYSE: CP) anticipates that a ruling from the Surface Transportation Board will come by early 2023 at the latest, President and CEO Keith Creel told investors during CP’s first-quarter 2022 earnings call.
“We’re certainly optimistic things will be restarted soon,” Creel told investors Wednesday afternoon. STB...