Posted AT 8:01 PM EST on 21/07/08
CN says it's not tied to Chicago deal
Canadian National Railway Co. warned Monday that it's willing to abandon plans to acquire a Chicago-area rail carrier if too many strings are attached to the purchase.
CN announced in September that it had struck a tentative deal to buy the strategic
Elgin Joliet & Eastern Railway Co. for $300-million (U.S.), hoping to bypass train gridlock in Chicago's core by rerouting traffic through EJ&E's suburban tracks.
The full text of this article has 515 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
