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CN/KCS merger faces growing opposition

CN/KCS merger faces growing opposition
Canadian Pacific files formal objection with the Surface Transportation Board.

Over 100 Canadian Pacific Railway (CP) customers and other stakeholders have filed letters with the Surface Transportation Board (STB) to express concerns about and/or opposition to Canadian National's (CN) unsolicited proposal for Kansas City Southern (KCS) following CP and KCS’s merger agreement announcement in May. CP also announced it has filed a formal objection with the STB stating that CN does not qualify for a waiver of the STB's rules for major transactions

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