Canadian National wants KC Southern, Canadian Pacific to divest line in merger
Everyone has seen it in movies: The point in a wedding when the crowd is asked to speak now or forever hold its peace about objections. That’s Canadian National Railway Co. piping up about the union of Kansas City Southern and Canadian Pacific Railway Ltd.
The jilted suitor for KC Southern (NYSE: KSU) filed an official notice with the Surface Transportation Board seeking to condition any approval of the merger with Canadian Pacific (NYSE: CP) on divesting a stretch of KC Southern rail from Kansas…