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Surface Transportation Board Determines Proposed Voting Trust For Use in Merger Between CP and KCS is Acceptable, With Certain Modifications

05/06/2021 (Thursday) [PDF Version]
No. 21-21

Michael Booth
FedRelay 1 (800) 877-8339

The Surface Transportation Board today announced a decision finding that formal Board review of the voting trust agreement for use in connection with the proposed transaction between Canadian Pacific Railway (CP) and Kansas City Southern Railway (KCS) is warranted.  In the decision, the Board determined that the proposed arrangement is acceptable with certain modifications.

The Board’s decision in Canadian Pacific Railway Limited; Canadian Pacific Railway Company; Soo Line Railroad Company; Central Maine & Quebec Railway US Inc.; Dakota, Minnesota & Eastern Railroad Corporation; and Delaware & Hudson Railway Company, Inc.—Control—Kansas City Southern; The Kansas City Southern Railway Company; Gateway Eastern Railway Company; and The Texas Mexican Railway Company, Docket No. FD 36500, may be viewed and downloaded here.