(Source: Associated Press, May 9, 2024)
Norfolk Southern shareholders will decide Thursday morning (May 9) whether to back an activist investor’s bid to take over the railroad’s board and replace management. Ancora Holdings picked up significant support during the campaign from major investors like EdgePoint Investment Group, two major rail unions and some customers. But the rest of rail labor, several key regulators and a number of other customers backed management.
Full story: Associated Press