Glass Lewis endorses 6 of activist Ancora's nominees for Norfolk Southern board
Publishing timestamp: 2024-04-29 09:40:29
Summary
Glass Lewis recommends Norfolk Southern shareholders vote for six of activist Ancora's nominees, including new CEO and COO picks. Norfolk Southern strongly disagrees with recommendation, but Teamsters unions and Glass Lewis support Ancora's plan for change. Proxy advisors' support is crucial for activists and management, but does not guarantee success. ISS expected to issue recommendation soon.
Sentiment: MIXED
Tickers: CNR-CA, NSC, CNI, CSX, CP-CA, PG, UPS, CP,
Keywords: breaking news, business, activism, canadian pacific railway ltd, breaking news: business, csx corp, canadian national railway co, railroad, business news, norfolk southern corp, procter & gamble co, united parcel service inc, canadian pacific kansas city ltd, mergers and acquisitions,
Source: https://www.cnbc.com/2024/04/29/norfolk-southern-glass-lewis-endorses-6-ancora-nominees.html