For NS, a Final White-Card Push
May 8, 2024: With its Annual Meeting of Shareholders just hours away, Norfolk Southern in the past few days has ramped up its efforts to convince shareholders to reject the takeover attempt
May 8, 2024: With its Annual Meeting of Shareholders just hours away, Norfolk Southern in the past few days has ramped up its efforts to convince shareholders to reject the takeover attempt
In our prior report, we highlighted Ancora’s fraught and incurious NS vs. CSX operational benchmarking, specifically terminal dwell and trains holding for power. We took particular issue with the extraordinarily misleading 2023
ISS—not the International Space Station weighing in from 1.33 million feet (246 miles) above the earth’s surface in orbit, but that other ISS, proxy advisory firm Institutional Shareholder Services—is endorsing seven of
On April 18, Ancora hosted a townhall in New York City for Norfolk Southern stockholders, and during that meeting [potential new NS board member] Gil Lamphere implored the audience to read the
Little Rock, Ark.-based analyst Stephens Inc. on April 4 released the results of a survey, Rail Shipper Survey on the Activist Campaign at NSC, conducted with Norfolk Southern shippers that indicates a
Ancora Holdings Group LLC, which has launched a formal takeover attempt of Norfolk Southern (NS), issued a statement critical of the railroad’s safety record and calling for the removal of CEO Alan
Norfolk Southern on Feb. 26 filed preliminary proxy materials (Schedule 14A) with the Securities and Exchange Commission (SEC) in connection with its upcoming 2024 Annual Meeting of Shareholders, to be held in
Editor’s Note: As expected, things are getting ugly. The latest press release from Ancora Holdings Group, LLC is taking the personal attacks on Norfolk Southern President and CEO Alan Shaw to a
Ohio-based Ancora Holdings Group LLC, with affiliates and other participants—collectively called the “Investor Group”—on Feb. 20 launched a formal takeover attempt of Norfolk Southern, announcing eight prospective board members, a new CEO