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CLF - DOT and Surface Transportation Board throw support behind Norfolk Southern board
Cleveland-Cliffs Inc.
2024-05-06 17:46:25 ET
Two government agencies have given their endorsement behind the current board of Norfolk Southern ( NYSE: NSC ) as the railroad engages in a proxy fight with activist investor Ancora Holdings. Last week, Ancora gained the support of shareholder proxy advisory firms Glass Lewis and International Shareholder Services along with two key railroad workers union and one of Norfolk Southern’s largest customers, Cleveland Cliffs ( CLF )....