SA: Canadian Pacific drops amid DOJ call for railroad regulator to block Kansas City deal
SEEKING ALPHA reports: Canadian Pacific (NYSE:CP) dropped 3.2% as the U.S. Dept. of Justice reiterated that the U.S. ...
The headwinds for the acquisition of Kansas City Southern (KCS) by Canadian Pacific Rail (CP) have got stronger, with voices from the US Congress joining the chorus of opposition.
Two senators and two members of the House of Representatives have written to the head of the Surface Transportation Board (STB) expressing concern about potential repercussions from the merger.
The STB is reviewing the merger application and is expected to issue its verdict early next year.
The politicians, from Illinois, are worried about expected ...
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