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Longacre Square Partners represents Ancora Holdings Group as the investment advisory applauds CSX for dumping CEO Jim Hinrichs.
In August, Ancora sent a letter to CSX’s board outlining Hinrichs’ alleged “value-destructive tenure.”
It urged the board to replace him with someone willing to follow Union Pacific’s bid to create a transcontinental railroad via its $85B merger with Norfolk Southern.
CSX on Sept. 29 named board member Steve Angel, a noted dealmaker, its new CEO.
Ancora said Angel’s “M&A pedigree and value creation record indicate his appointment is an initial step in the right direction for CSX.”
The advisory will continue to buy CSX stock and “hopes to have a strengthened relationship with the company if leadership continues taking the right steps to maximize value.”
Longacre Square’s Amy Freedman and Ashley Areopagita represent Ancora.
Dollar Tree has named Daniel Delrosario senior VP-investor relations & treasurer.
C Street Advisory Group and Publicis' Groupe's Kekst CNC unit work the Chapter 11 filing of Saks Global Holdings as the luxury retailer evaluates its "operational footprint."
Nashville’s Wortman Works is handling Old Glory Bank, which bills itself as the online bank for freedom-loving Americans, as it goes public via a $250M SPAC deal with Digital Asset Acquisition Corp.
FGS Global and Collected Strategies handle $1.5B merger of discount airlines Allegiant and Sun Country Airlines. (Updated)
Dan Scorpio, H/Advisors Abernathy’s managing director and head of the M&A and activism practice, has joined FTI Consulting’s Chicago office.
