CN gets STB’s nod on EJ&E buy, with extra mitigation

Dec 29, 2008 | 11:34 AM | Corinna Petry

Canadian National Railway Co. (CN) received the U.S. Surface Transportation Board's (STB's) stamp of approval last week on its $300-million acquisition of rail lines from U.S. Steel Corp., Pittsburgh, but said it was "disappointed" with extra mitigation stipulated in the decision.

CN said it is carefully reviewing the board's decision on the acquisition of the principal lines of the Elgin, Joliet & Eastern Railway Co. (EJ&E) and hopes to close the transaction in late January or early February.....





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