Canadian National Railway to Hold Special Shareholder Meeting in March 2022 Amid Proxy Contest

By Dave Sebastian

Canadian National Railway Co. said it will hold a special shareholder meeting on March 22, 2022, amid a proxy contest with shareholder TCI Fund Management Ltd.

TCI, which called for the shareholder meeting, owns about 5% of Canadian National. The firm has said it wants to replace four Canadian National board members. It also opposed Canadian National's bid to buy Kansas City Southern, which eventually struck a deal with Canadian Pacific Railway Ltd.

Canadian National on Monday said it is committed to executing its long-term growth strategy, and that it is grateful for early expressions of support it has received from shareholders, customers and other stakeholders for the plan.

Write to Dave Sebastian at [e-mail]

(END) Dow Jones Newswires

10-04-21 0633ET