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Second Norfolk Southern Union Sides with Activist Investor Ancora Holdings in Proxy Fight
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Second Norfolk Southern Union Sides with Activist Investor Ancora Holdings in Proxy Fight
Apr 26, 2024 8:23 AM

11:06 AM EDT, 04/26/2024 (MT Newswires) -- The Norfolk Southern ( NSC ) union representing locomotive engineers and other employees will support an alternative slate of seven director candidates activist investor Ancora Holdings is backing to wrest control of the railroad company's board, the International Brotherhood of Teamsters said on Friday.

The Brotherhood of Locomotive Engineers and Trainmen is the second Teamsters-affiliated union to side with Ancora in its proxy fight with Norfolk Southern ( NSC ) management, joining the union representing the railway's maintenance personnel in supporting seven new members to the 13-member board.

Norfolk Southern ( NSC ) shares were fractionally lower in recent trading on Friday.

Price: 239.45, Change: -1.38, Percent Change: -0.57

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