The nation’s railroad regulator on Wednesday ordered a pause in consideration of Canadian Pacific’s proposed purchase of Kansas City Southern.
The Surface Transportation Board issued a ruling in the case to clarify information on traffic along the two railroads’ lines. Although Canadian Pacific Railway Ltd. (NYSE: CP) closed on its $31 billion purchase of Kansas City Southern in December, it must get approval from the Surface Transportation Board to actually combine operations. Until a decision…Regulator orders pause in consideration of Canadian Pacific-KC Southern merger
The nation’s railroad regulator on Wednesday ordered a pause in consideration of Canadian Pacific’s proposed purchase of Kansas City Southern.
The Surface Transportation Board issued a ruling in the case to clarify information on traffic along the two railroads’ lines. Although Canadian Pacific Railway Ltd. (NYSE: CP) closed on its $31 billion purchase of Kansas City Southern in December, it must get approval from the Surface Transportation Board to actually combine operations. Until a decision…