Reported 3 days ago
CSX has reportedly engaged Goldman Sachs to explore potential merger options, as industry analysts predict that the recent Union Pacific and Norfolk Southern merger could compel CSX and BNSF Railway to respond. CSX's CEO indicated that merger discussions are not off the table, especially if performance metrics continue to lag behind competitors. Activist investor Ancora suggests CSX could become a merger target if its financial performance does not improve.
Source: YAHOO