Cleveland-Cliffs supports Ancora's push for Norfolk Southern board restructuring and new CEO.
Cleveland-Cliffs, a major Norfolk Southern customer, has publicly backed activist investor Ancora Holdings Group in its attempt to restructure Norfolk Southern's board. Cleveland-Cliffs supports Ancora's push for seven new directors and a new CEO for the railway company. The companies' CEOs believe that the outcome of the proxy battle will not impact the customer-supplier relationship between the two companies.
April 28, 2024
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