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Cineplex shuts its doors in Bridgewater | SaltWire #novascotia #cineplex #bridgewater #closureNEW YORK - Ancora Holdings scored a second victory in its battle with Norfolk Southern when prominent proxy advisory firm Institutional Shareholder Services recommended on Tuesday that shareholders elect five of the activist hedge fund's director candidates.
Norfolk Southern, which is valued at $52.5 billion, said replacing its board members with Ancora's candidates would"introduce significant risk, and ultimately destroy long-term shareholder value." Ancora is trying to replace Norfolk Southern CEO Alan Shaw with Jim Barber, a former United Parcel Service executive. ISS endorsed Shaw for election while Glass Lewis endorsed Barber for election.
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