Canadian National makes final pitch for $33.6B railroad deal
Canadian National has made its final pitch to regulators for preliminary approval of its $33.6 billion acquisition of Kansas City Southern railroad.
The Canadian railroad reiterated its main arguments for the deal in a detailed filing with the Surface Transportation Board on Tuesday. Earlier this spring, regulators indicated they would take a cautious approach to approving Canadian National’s plan to set up a voting trust that would acquire Kansas City Southern and hold the railroad during the STB’s lengthy review of the overall deal.
More than 2,000 letters were filed with regulators, with most of them supporting the