Commentary

Cowen: ‘More Caution Surrounding Voting Trusts’

Written by Jason Seidl, TD Cowen, Wall Street Contributing Editor

On May 19, we hosted a call with a noted transportation attorney to discuss the latest news surrounding the proposed merger involving KSU/CP/CNI. The STB decision on May 17 indicates more caution surrounding voting trusts; CNI must show that the trust keeps a level playing field. The key for CNI will be that public benefits outweigh harms.

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