Proxy battle for control of NS heats up
By Stephanie Elverd Special to The Times EAST PALESTINE – As revitalization and remediation efforts continue in East Palestine in the wake of last year’s Norfolk Southern train derailment, so does the setting of the stage for an attempted company takeover at the shareholder meeting set for May 9. An activist investor group led by Ancora Holdings and the embattled board of the railroad are now months into a proxy battle which began in January when the Ohio-based group took a $1 billion stake in the railroad and began a bid to oust CEO Alan Shaw by nominating new majority ...