DJ Paul Hilal's Mantle Ridge Cuts CSX Position -- Market
12:41 ET - Paul Hilal's Mantle Ridge, one of CSX's largest investors that pushed CSX to hire railroad turnaround specialist Hunter Harrison as part of a bid to revamp the company, is cutting its stake in more than half, according to a securities filing. CSX agreed to buy about 4.7M shares from Mantle Ridge under its $5B share repurchase authorization. In addition, Mantle Ridge has sold about 18.8M shares into the market, according to the filing. As of June 30, Mantle Ridge held about 38M CSX shares. Hilal serves as CSX board vice chairman. (maria.armental@wsj.com; @mjarmental)
(END) Dow Jones Newswires
October 18, 2019 12:41 ET (16:41 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
DJ Paul Hilal的Mantle Ridge降低CSX的地位--市場
美國東部時間12點41分-根據一份證券備案文件，保羅·希拉爾(Paul Hilal)的曼特爾·裏奇(Mantle Ridge)--CSX最大的投資者之一，曾推動CSX聘請鐵路週轉專家亨特·哈里森(Hunter Harrison)，作為重組公司的一部分--將減持一半以上。CSX同意根據50億美元的股份回購授權，從Mantle Ridge購買約470萬股股票。此外，文件顯示，Mantle Ridge已向市場出售了約1880萬股。截至6月30日，Mantle Ridge持有約3800萬股CSX股票。希拉爾擔任CSX董事會副主席。(maria.armental@wsj.com；@mjarmental)
(完)道瓊斯通訊社
October 18, 2019 12:41 ET (16:41 GMT)
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