Investor Hilal denies he wants to control CSX, after railroad lists concerns

20/02/2017

US investor Paul Hilal has denied he is in a “battle for control” of US rail carrier CSX, as his investment fund Mantle Ridge continues to seek board representation and install Hunter Harrison as the new CEO

A CSX statement lists concerns over the remuneration package and other conditions of Mr Harrison’s appointment. However Mr Hilal denies he wants six Mantle Ridge employees on the board, and nor was Mr Harrison seeking a $300m upfront fee to take the top job.

He said: “The press release suggests that Hunter is asking for ...