SA: Norfolk Southern CEO keeps job, activist Ancora wins three board seats
SEEKING ALPHA reports: Norfolk Southern Corp. (NYSE:NSC) CEO Alan Shaw kept his job and activist Ancora ...
SEEKING ALPHA writes:
Norfolk Southern (NYSE:NSC) rose 3.5% amid speculation that the railroad operator could be a potential activist investor target.
The recent issues with Norfolk Southern (NSC), including the toxic chemicals derailment in February in Ohio, could help attract activists, according to a Deal.com report on Thursday, which cited exports. NSC fell 11% over the last 12 months, significantly below rivals CSX Corp. (CSX), Union Pacific (UNP), and Canadian National Railway (CNI)…
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