Canadian National Railway (CN) and Kansas City Southern (KCS) Pursue STB-Approved Voting Trust for Proposed Combination
July 7, 2021
CN and Kansas City Southern (KCS) submitted arguments to the Surface Transportation Board (STB) supporting approval of a “plain vanilla” voting trust, which is described as an essential step toward the STB’s full review of their proposed end-to-end combination. The companies emphasize that the voting trust prevents premature control of KCS while preserving KCS independence and financial health during review, alongside pro-competitive commitments such as divestiture of a specific 70-mile overlap and an “open gateways” framework.
- Buyers
- Canadian National Railway Company (CN)
- Targets
- Kansas City Southern (KCS)
- Industry
- Transportation
- Location
- Missouri, United States
- Transaction Type
- Buyout
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