STB declares CSX’s proposed Pan Am merger a ‘significant transaction’

The STB says CSX’s proposed acquisition of Pan Am Systems Inc. is a “significant” transaction. The Class I has until April 1 to file a revised proposed procedural schedule, and must file a formal application for a substantial transaction between April 25 and June 25. Credit:

The Surface Transportation Board has determined that CSX’s proposed acquisition of Pan Am Systems Inc. and related rail carriers is a “significant” transaction — not a “minor” one as claimed by the Class I — for regulatory consideration, according to a notice published March 25 in the Federal Register.


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