|Bid||47.105 x 40000|
|Ask||47.318 x 40000|
|Day's Range||46.901 - 47.084|
|52 Week Range||22.244 - 48.703|
|PE Ratio (TTM)||25.60|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
CSX Corp (CSX) is benefiting from an improvement in the coal-related scenario.
CSX Corp. shareholders approved a proposal on Monday to reimburse an activist investor, Mantle Ridge Partners LP, $84 million for arranging the hiring of new Chief Executive Hunter Harrison. Owners of CSX shares overwhelmingly approved the reimbursement, with at least 93 percent voting in its favor, the company said in a statement, citing preliminary voting results. Harrison has said he would resign if the company fails to reimburse Mantle Ridge, a new activist fund that partnered with Harrison in the effort to install him as CSX's chief executive.
Both proxy advisory firms recommended that shareholders back the payment. ISS suggested that failure to back it would result in "an immediate and significant loss of shareholder value."