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Norfolk Southern Corporation (NSC)
After hours:
- Reuters
US labor union backs Norfolk in proxy battle with Ancora
A top federation of U.S. labor unions has urged Norfolk Southern shareholders to vote against Ancora's director candidates, arguing the hedge fund's plans for the railroad would compromise safety and improvements being considered. "Ancora's proposed strategy for Norfolk Southern is "not fit for purpose" and the election of Ancora's proposed directors will derail the safety and service improvements that are currently underway at Norfolk Southern," the American Federation of Labor and Congress of Industrial Organizations said in a letter. Ancora, in February, proposed the replacement of Norfolk Southern's top management, including its CEO, and nominated eight directors to the railroad operator's board in response to the company's negligence leading to a 2023 train derailment in East Palestine, Ohio.
- Fortune
Norfolk Southern is getting back on track–but activist investor Ancora is trying to derail it in a vicious proxy fight
A year after the East Palestine disaster, Norfolk Southern CEO Alan Shaw is under attack by activist investor Ancora.
- Business Wire
Ancora Releases Presentation Containing its Slate’s Plan for Implementing and Running a PSR-Powered Scheduled Network at Norfolk Southern
CLEVELAND, April 15, 2024--Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, "Ancora" or "we"), which owns a large equity stake in Norfolk Southern Corporation (NYSE: NSC) ("Norfolk Southern" or the "Company"), today issued a presentation on the urgent need for leadership, safety and strategy changes at Norfolk Southern. The presentation also showcases the comprehensive plan prepared by Ancora’s nominees and proposed management team to transform Norfolk Southern and meanin
