Quote:
Originally Posted by DoubleK
I think this one goes through for the reasons you've stated.
It's probably better than NS or CSX making the acquisition.
|
Yeah, I think the overlap between NS or CSX would be too much, and I couldn't see them letting UNP or BNS become as dominant as that purchase would make them. And CN already bought a North South line. Unless they let the east and west railways merge in the US (which I doubt) this is the only railway merger that seems in any way possible.
That might actually be a point in its favor - it won't set a precedent that you could argue for more mergers later. You could even argue that CN buying Illinois Central sets a precedent that this should be allowed. That was 23 years ago though, so maybe not.
I hope this happens. Having the hq in Calgary is a big deal, and I think it would be good for the city.