Following the closing of the voting trust, CN welcomes the opportunity to participate in the STB process and provide a full forum for stakeholders to comment on the proposed transaction. CN’s plain vanilla voting trust is identical to the one already approved by KCS’ board of directors in its previously announced transaction, and CN believes that they are both equally likely to be approved by the STB.”ĬN added that it “is confident that its proposed combination is in the public interest. STB approval of the voting trust would enable KCS shareholders to receive full payment of consideration under CN’s $325 per share proposal without having to await final STB approval of the transaction. “The Notice also confirms that CN intends to seek approval of the voting trust in the coming days. “The Notice of Intent sets out CN’s commitment to proceeding under the STB’s current merger rules and assuring the STB and customers that CN will maintain seamless service and enhanced competition after combining the two end-to-end networks,” CN said. Surface Transportation Board a prefiling notification of its intent to file an application seeking authority to combine with Kansas City Southern “further to CN’s superior proposal for a cash-and-stock transaction valued at $33.7 billion, or $325 per share.” Transit Briefs: Calgary Green Line Denver RTD Vancouver SkyTrainĬN on April 21 submitted to the U.S.For Amtrak, 4 Challenges to Implementing IIJA Funds: OIG.APTA HSR Conference Focuses on Recurring Themes.TransLink, BC Transit to Share C$204MM in COVID Relief.USDOT: $20B for FY22 Transit Investment.TTC Management Begins Transition to ENSCO.Portal North Builder Gets Official ‘Go’ From NJT.Has the Railroads’ ‘Get Up and Go’ Spirit ‘Got Up and Gone’?.