Senate antitrust subcommittee members voice concerns over CP-NS deal

Two top members of a United States Senate subcommittee for antitrust matters have sent a letter to the U.S. attorney general’s office voicing concerns over Canadian Pacific Railway’s proposed takeover of Norfolk Southern Corp. CP last week sent a petition to the U.S. Surface Transportation Board (STB) asking for a declaratory order confirming the viability of a proposed voting trust structure the company has suggested as part of the acquisition.

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