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Canadian Pacific welcomes STB's approval of merger with Kansas City

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April 24 (Reuters) - Canadian Pacific Railway Ltd welcomed the U.S. Surface Transportation Board's (STB) decision to approve its merger with Kansas City Southern on Saturday.

The two companies will proceed with an application under the standards in the STB's pre-2001 major merger rules, according to a statement by Canadian Pacific.

The STB had approved the merger of the two companies on Friday. (Reporting by Juby Babu in Bengaluru; editing by Diane Craft)