National Agri-Marketing Association
NAMA Website
Upcoming Events
Chapters
Agri-Marketing Conf
Best of NAMA 2018
Member Directory












SUPPORT FOR CANADIAN NATIONAL'S ACQUISITION PROPOSAL OF KANSAS CITY SOUTHERN RAILWAY EXPANDS
Canadian National reports:

Well over 800 letters of support have been filed with the STB

Montreal - CN (TSX: CNR, NYSE: CNI) today announced that it has continued to receive support from customers, suppliers, elected officials and other stakeholders for its proposed combination with Kansas City Southern (NYSE: KSU) ("KCS").

One-hundred additional letters have been sent to CN and filed with the Surface Transportation Board ("STB") in favor of CN's proposed combination with KCS, its use of a voting trust, or both, bringing the total number of support letters CN has received to well over 800. CN will continue to communicate and engage with its customers and various stakeholders as it works towards an agreed transaction with KCS.

A full copy of CN's letter filed with the STB appears below:

Canadian National Railway Company ("CN") respectfully submits another 100 letters from stakeholders relating to CN's proposed combination with Kansas City Southern ("KCS"). These letters continue the outpouring of support that CN has received in the brief time that the proposed transaction has been made public, as reflected in CN's prior filings on April 26, April 29, and May 4.1 In total, CN has received well over 800 letters from stakeholders publicly expressing their support for the proposed transaction or for CN's proposed voting trust.

Twenty-eight of the letters being filed today explicitly support the proposed combination of KCS and CN, and 80 of these letters support CN's request that the Board approve its voting trust agreement and ask the Board to approve that proposed voting trust. (Eight of the enclosed letters express support for both the proposed combination and the voting trust.)

CN looks forward to continued conversations with its customers and other interested parties about the proposed KCS-CN combination and why it presents the best solution for the continued growth, development and prosperity of the North American economy.

Respectfully submitted,
Sean Finn and Olivier Chouc, CN, Montreal, Quebec, Canada

Raymond A. Atkins; Terence M. Hynes; Matthew J. Warren and Sidley Austin LLP, /s/ Raymond A. Atkins

Kathryn J. Gainey, CN, Washington, D.C.

Counsel for Canadian National Railway Company, Grand Trunk Corporation, and CN's Rail Operating Subsidiaries


Search News & Articles













Proudly associated with:
American Business Media Canadian Agri-Marketing Association National Agri-Marketing Association
Agricultural Relations Council National Association of Farm Broadcasters American Agricultural Editors' Association Livestock Publications Council
All content © 2021, Henderson Communications LLC. | User Agreement