Norfolk Southern makes deal with investors to prevent another fight for control of the railroad
Norfolk Southern says it has a deal with Ancora Holdings to keep the investor from launching a repeat of this year's campaign to take control of the railroad.
Norfolk Southern will add board seat in settlement with activist investor
Norfolk Southern and Ancora reached a “cooperation agreement” in which the two will “work together to identify an independent director” to join the board.
Norfolk Southern to add new board member as part of deal with Ancora Holdings
Norfolk Southern will add a new member to its board of directors — the 14th overall and 13th independent director — under a “cooperation agreement” with shareholder Ancora Holdings, NS announced Thursday.
Norfolk Southern to add new independent director in cooperation pact with Ancora
Norfolk Southern (NSC) announced that it has entered into a cooperation agreement with Ancora Holdings after constructive engagement. Under the
Norfolk to add new board member in settlement with activist investor
Following the agreement, Ancora will withdraw its nomination of four candidates for election to Norfolk's board, the company said in a statement. Earlier this year, the activist investor nominated seven directors to Norfolk's board and urged the company to replace then-CEO Alan Shaw,
Norfolk Southern Reaches Deal with Activist Investor Firm
The Cleveland-based investment firm had sought to remove then-CEO Alan Shaw early in 2024, moves before he was eventually ousted by the railroad.
Norfolk Southern to Add New Independent Director to Board via Cooperation Agreement with Shareholder Ancora
Our strategy is unlocking the full value of the business for shareholders, customers, communities, and employees," said Mark George, chief executive officer of Norfolk Southern. "I am confident that together with Ancora we will find the right independent director to join our Board and support our team as we continue to build on the positive momentum that is underway at Norfolk Southern.
Atlanta-based Norfolk Southern makes deal with investors to prevent another fight for railroad's control
Atlanta-based Norfolk Southern announced an agreement Thursday with Ancora Holdings to keep the investor from launching a repeat of this year's campaign to take control of the railroad.
Norfolk Southern to add board member in deal with activist Ancora Holdings
The Atlanta-based railroad operator announced Thursday, Nov. 14, that under a cooperation agreement reached following what it termed "constructive engagement," Norfolk Southern and Ancora "will work together to identify an independent director" to join the company's board.
Norfolk Southern makes deal with investor to prevent another fight for board control
Norfolk Southern announced an agreement Thursday with Ancora Holdings to keep the investor from launching a repeat of this year’s campaign to take control of the railroad.
Ancora, Norfolk Southern strike settlement deal to avert proxy fight
A Norfolk Southern freight train pulled by Locomotive 7565, a GE ES44DC Evolution Series diesel locomotive. Norfolk Southern and activist investor Ancora struck a deal to avert a proxy fight at the railroad.
Norfolk Southern enters cooperation pact with activist Ancora; to add one director
Norfolk Southern (NYSE:NSC) agreed to a cooperation pact with activist investor Ancora Holdings and will add one board member ...
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Norfolk Southern Reaches Agreement With Ancora To Appoint Independent Director To Board
(RTTNews) - Norfolk Southern Corp. (NSC) announced that it has reached a cooperation agreement with Ancora Holdings Group, LLC. They will work together to identify an independent director to ...
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Norfolk Southern fires CEO Alan Shaw for an inappropriate relationship with an employee
Then, activist investor Ancora Holdings tried to take control of the railroad earlier this year and fire Shaw. The disappointing financial results Norfolk Southern delivered after the derailment ...