Canadian Pacific Trust Plan Draws U.S. Antitrust Concern

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  • Railroad, eyeing tie-up, wants its CEO to run Norfolk Southern
  • Justice Department move follows objection by U.S. military

Canadian Pacific Railway Ltd.’s plan to set up a voting trust to allow its chief executive to run Norfolk Southern Corp. in advance of its proposed takeover of the U.S. carrier should be rejected, the U.S. Justice Department said.

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