SA: Norfolk Southern gains amid activist speculation

Mergers and Acquisitions abbreviation, letter dices word

By LoadstarEditorial

18/01/2024

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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