Activist Ancora reportedly pressuring CSX to explore a deal or fire CEO

Published 19/08/2025, 18:26
© Reuters.

Investing.com -- Activist investor Ancora is pressuring railroad operator CSX Corp (NASDAQ:CSX) to explore potential deals, according to The Wall Street Journal.

Ancora has indicated it is prepared to launch a proxy fight for board seats later this year if CSX does not follow its recommendations.

In a letter to the company, Ancora stated that CSX should consider transactions with BNSF Railway, which is owned by Berkshire Hathaway (NYSE:BRKa), as well as with Canadian Pacific (NYSE:CP) Kansas City Southern (NYSE:KSU).

The activist investor has reportedly also called for the replacement of CSX Chief Executive Officer Joe Hinrichs if the company fails to pursue a deal.

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