Investing.com -- Activist investor Ancora is pressuring railroad operator CSX Corp (NASDAQ:CSX) to explore potential deals, according to The Wall Street Journal.
Ancora has indicated it is prepared to launch a proxy fight for board seats later this year if CSX does not follow its recommendations.
In a letter to the company, Ancora stated that CSX should consider transactions with BNSF Railway, which is owned by Berkshire Hathaway (NYSE:BRKa), as well as with Canadian Pacific (NYSE:CP) Kansas City Southern (NYSE:KSU).
The activist investor has reportedly also called for the replacement of CSX Chief Executive Officer Joe Hinrichs if the company fails to pursue a deal.
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Activist Ancora reportedly pressuring CSX to explore a deal or fire CEO
Published 2 months ago
Aug 19, 2025 at 5:55 PM
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