Weeks after Union Pacific (UNP) announced a deal to acquire Norfolk Southern (NSC), activist investor Ancora Holdings told railroad operator CSX (CSX) it should do its own tie-up deal, according to The Wall Street Journal, which adds that the hedge fund said it is prepared to launch a proxy fight for board seats if CSX does not pursue a deal with a rival or replace its CEO. Ancora believes CSX should explore deals with Berkshire Hathaway’s (BRK.B) (BRK.A) BNSF Railway and Canadian Pacific Kansas City Southern (CP), according to a letter reviewed by the Journal’s Lauren Thomas.
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