Regulators say older merger rules apply to Kansas City Southern
*** This news article contains External Links. ***
APPS Transport Group and APPS Cargo Terminals cannot and does not warrant the accuracy, completeness, timelines, non-infringement, merchantability or fitness for a particular purpose of information available through these links, and disclaims any opinions expressed on such sites.
By clicking on any link in this article, you will be brought to an External Site.
A proposed merger between Kansas City Southern (NYSE: KSU) and Canadian Pacific (NYSE: CP) can proceed under older rules governing Class I mergers, the Surface Transportation Board (STB) determined Friday.
In a late Friday decision, STB confirmed that Kansas City Southern (KCS) is exempt from following the newer merger rules made after 2001. By allowing KCS to maintain its waiver from the post-2001 rules, a proposed merger between KCS and CP could occur under pre-2001 rules.
Under the post-2001 rules, the board would be studying the proposed merger to see whether it will enhance competition. The pre-2001 merger rules are to determine whether a merger would adversely affect current competition.
APPS is an active member of the business community with memberships and affiliations with many industry, business and governmental bodies including:
