Canadian Pacific welcomes STB’s approval of merger with Kansas City By Reuters

April 24, 2021 admin Stock News 0

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© Reuters. The Canadian Pacific railyard is pictured in Port Coquitlam

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(Reuters) – Canadian Pacific (NYSE:) Railway Ltd welcomed the U.S. Surface Transportation Board’s (STB) decision to approve its merger with Kansas City Southern (NYSE:) on Saturday.

The two companies will proceed with an application under the standards in the STB’s pre-2001 major merger rules, according to a statement by Canadian Pacific.

The STB had approved the merger of the two companies on Friday.

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