STB Rejects Use of Voting Trust in Proposed Merger between CN and KCS

The Surface Transportation Board on Tuesday announced a unanimous decision rejecting the use of a voting trust agreement in connection with the proposed transaction between Canadian National Railway (CN) and Kansas City Southern Railway (KCS).   The Board has determined that the proposed voting trust is not consistent with the public interest standard under the Board’s merger regulations.

-via Press Release

This article was posted on: September 1, 2021