EHH: Is CSX next? Let the speculation begin
Months before his previously announced official retirement as CEO, Hunter Harrison has abruptly severed all ties with Canadian Pacific, handing the company's reins to President Keith Creel. According to numerous reports, Harrison will attempt to take control of CSX, which in 2014 had rebuffed a merger attempt by CP. The Wall Street Journal reported late on Jan. 18 that activist investor Paul Hilal, principal of hedge fund Mantle Ridge LP — and formerly with William Ackman's Pershing Square Capital Management LP — is teaming up with Harrison to target CSX for a management switch.
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