CP: CN's proposed voting trust timetable is not constructive and not serious
CN was not subject to the 2001 merger rules until yesterday, despite its invitation to have them applied to a CN/KCS transaction.
- CN was not subject to the 2001 merger rules until yesterday, despite its invitation to have them applied to a CN/KCS transaction.
- By finding that the KCS waiver from the 2001 rules does not apply to a CN/KCS transaction, the Board\'s decision yesterday is what invoked the requirement for formal approval of CN\'s proposed voting trust.
- CN has pointed to no compelling exigency that requires a more expedited schedule; its proposed Merger Agreement allows a nine-month period in which to obtain "STB Voting Trust Approval."
- CP provides North American customers a competitive rail service with access to key markets in every corner of the globe.