KANSAS CITY, Mo. - Kansas City Southern has agreed to re-engage with Canadian Pacific Railway Ltd. after the U.S. transportation regulator placed a roadblock in the path of the bid from rival Canadian National Railway Co. KCS intends to provide CP with non-public information and to engage in discussions and negotiations with the Calgary-based railway. Kansas City Southern says it remains bound by the terms of the CN merger agreement and has not determined that CP’s proposal is in fact superior. Surface Transportation Board unanimously rejected CN and KCS’s joint motion for approval for use of a voting trust, something it approved for CP.

Source: thestar September 05, 2021 13:52 UTC