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Cleveland-Cliffs backs Ancora in Norfolk Southern proxy battle, Bloomberg says
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Cleveland-Cliffs backs Ancora in Norfolk Southern proxy battle, Bloomberg says
Apr 28, 2024 2:21 PM

April 28 (Reuters) - Cleveland-Cliffs ( CLF ), a major

customer of Norfolk Southern ( NSC ), has backed activist

investor Ancora Holdings Group in its effort to overhaul the

board of the railway company, Bloomberg News reported on Sunday.

Cleveland-Cliffs ( CLF ) is supporting Ancora's campaign to have

seven directors and a new chief executive officer installed at

Norfolk Southern ( NSC ), the report said, citing a letter.

(Reporting by Gnaneshwar Rajan in Bengaluru)

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