Activist Ancora endorsed by second Norfolk Southern union, splitting labor support
by CNBC
CNBC— The BLET Teamsters said they would back activist Ancora's efforts to oust Norfolk Southern CEO Alan Shaw in favor of new management.
CNBC—ISS endorses most of activist Ancora's nominees for Norfolk Southern board. ISS recommended that shareholders support five of Ancora's seven nominees and seven Norfolk Southern nominees.
CNBC—Glass Lewis endorses 6 of activist Ancora's nominees for Norfolk Southern board. Norfolk Southern shareholders should vote for activist Ancora's nominees, proxy advisory firm Glass Lewis recommended, a strong sign of support ahead of a May 9 meeting.
TrainsMag.com—Norfolk Southern loses support of engineers’ union in proxy battle with activist investor (updated). INDEPENDENCE, Ohio — The Brotherhood of Locomotive Engineers and Trainmen is now backing activist investor Ancora Holdings and its call for management change at Norfolk Southern. The union’s decision, announced today, is the second in as many days: The union representing maintenance of way workers yesterday swung its support to Ancora. The unions represent 41.5% []Read More