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US Army Takes Aim at Canadian Pacific, Norfolk Southern Railroad Merger Plan
2016-04-08 05:44:07| Railroads - Topix.net
The U.S. Army said a Canadian Pacific Railway takeover of Norfolk Southern Corp. has the potential to harm national defense, adding opposition to the possible merger plan. The Army told the Surface Transportation Board that it opposed Canadian Pacific's plan to have CEO Hunter Harrison step down and become the head of Norfolk Southern as part of a voting trust structure before the regulator's final approval of a merger.
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Category:Transportation and Logistics
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