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Railway Regulator Approves $31B Canadian Pacific-KCS Deal

By Linda Chiem (March 15, 2023, 9:57 AM EDT) -- A U.S. rail regulator on Wednesday signed off on Canadian Pacific Railway Ltd.'s $31 billion takeover of Kansas City Southern Railway Co., approving the first major railroad merger in two decades amid heightened Biden administration scrutiny of freight rail consolidation, supply chain and safety concerns....

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