U.S. transport board approves CN-Wisconsin Central deal
MONTREAL (Sept. 10, 2001) — Canadian National Railway Co. received approval from the U.S. Surface Transportation Board on Friday for its $800 million acquisition of Wisconsin Central Transportation Corp.
CN said the deal, expected to close early next month, would create between $50 million and $60 million in annual cost savings and added revenues.
The deal also includes $400 million of debt.
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