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A Norfolk Southern freight train derailed in Pennsylvania, spilling oil into a nearby river and plastic pellets, though no injuries have been reported.
Activist Showdown: An Opportunity To Reassess Norfolk Southern's Trajectory
Ancora is seeking to oust Norfolk Southern CEO Alan Shaw in a proxy fight, and bigwig politicians are lining up on either side of the battle.
Ancora Holdings aims to replace Norfolk Southern's (NSC) current CEO, Alan Shaw, with Jim Barber.
CNBC's Leslie Picker and James Chadwick, Ancora president of alternatives, join 'Squawk Box' to discuss the firm's activist stake in Norfolk Southern, why Ancora is targeting the railroad company, and more.
ATLANTA , Feb. 16, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) President and Chief Executive Officer Alan H. Shaw will make a presentation at the Citi 2024 Global Industrial Tech and Mobility Conference.
There is no need for Ancora Advisors to reinvent the wheel at Norfolk Southern. Activists have used a key strategy at a slate of railways.
Shares of railroad giant Norfolk Southern Corp. on Thursday were on pace for their biggest percentage gain in nearly four years, after a report claiming an investor group is looking to take over the company's board and unseat its chief executive.
ChargePoint Holdings Inc (NYSE:CHPT), Norfolk Southern Corp (NSE:NSC), Peloton Interactive Inc (NASDAQ:PTON) are all staging large swings today.
Investors have a $1 billion stake in the railroad operator and plan a fight for board control.