Group of Investors Plans Proxy Battle and CEO Ousting from Norfolk Southern – WSJ (NYSE:NSC)

Norfolk and Southern 9950 engine

sshepard/iStock Unpublished via Getty Images

South Norfolk (NYSE:NSC) +5.3% post-market Wednesday following Wall Street Journal report that an investor group led by Ancora Holdings has built a stake of about $1 billion in the railroad and has appointed a majority slate of directors to the company’s board of directors

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