Canadian Pacific received U.S. regulatory approval for its $31.1 billion takeover of freight railroad operator Kansas City Southern. This will create the only railway that runs from Canada to Mexico.
Canadian Pacific received U.S. regulatory approval for its $31.1 billion takeover of freight railroad operator Kansas City Southern and said the merger could close on April 14.This will create the only railway that runs from Canada to Mexico and is the first railroad megamerger in decades.KCS originally agreed to be acquired by Canadian Pacific in March 2021, but then bailed after Canadian National Railroad made a richer offer.
CNR, however, hit regulatory troubles with the deal, driving KCS back into Canadian Pacific's waiting arms.The bottom line: This feels like an outlier, given how eager the Biden administration has been to block other large deals. In fact, the U.S. Surface Transportation Board's approval came over the public objection of Sen. Elizabeth Warren and a DOJ letter that expressed "serious concerns" about freight rail industry consolidation.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
CP Rail, Kansas City Southern Rail to combine under new nameCanadian Pacific Railway Ltd. has announced it will officially combine with Kansas City Southern Railway Co. on April 14, under the new banner of Canadian Pacific Kansas City.
Consulte Mais informação »
Kansas vs. Arkansas pick: March Madness predictions, odds, best betsHere’s our pick for Kansas vs. Arkansas during the NCAA Tournament.
Consulte Mais informação »
Bill Self to miss Kansas' NCAA game against ArkansasBill Self will miss top-seeded Kansas’ second-round NCAA Tournament game against Arkansas.
Consulte Mais informação »
Kansas’ Bill Self to miss second straight NCAA Tournament game following heart procedureKansas Jayhawks basketball coach Bill Self will miss his second consecutive NCAA Tournament game on Saturday against Arkansas after undergoing a heart procedure.
Consulte Mais informação »
Arkansas upset defending champion Kansas to gain Sweet Sixteen bidKansas’ national title defense ended in the second round of NCAA Tournament on Saturday.
Consulte Mais informação »