Canadian Pacific’s Proposed Voting Trust Structure Risks Irreversibly Harming Competition
Washington, DC–(ENEWSPF)–April 8, 2016. The Department of Justice filed a reply today in opposition to Canadian Pacific Railway Limited’s (“CPRL”) petition for a declaratory order regarding use of a voting trust pending the Surface Transportation Board’s (“STB”) review of a potential merger between Canadian Pacific Railway Company (“CP”) and Norfolk Southern Railway Company (“NS”).
The reply states that the proposed voting trust would fail to…
