CSX Corp. (CSX) is working with bankers at Goldman Sachs (GS) to explore options to participate in rail consolidation, people familiar with the matter told Bloomberg’s David Carnevali, Kiel Porter and Liana Baker. The freight operator has spoken with the bank about the merits of a merger, though this may not lead to any transaction, the sources said.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CSX:
- CSX working with Goldman to explore options, Bloomberg reports
- CSX exploring possible options with help of Goldman bankers, Bloomberg says
- Berkshire Hathaway deal for CSX looking more likely, Barron’s says
- CSX price target raised to $44 from $38 at Baird
- CSX Corporation Earnings Call: Balanced Sentiment Amid Challenges