Florida Times-Union – CSX Corp.’s proxy fight with two hedge funds ended in September with four nominees from The Children’s Investment Fund Management LLP and 3G Capital Partners Ltd. winning election to CSX’s board.

But even though the fight is long over, it continues to be in the news.

Last week, Securities and Exchange Commission Chairwoman Mary Schapiro told a U.S. Senate subcommittee that the commission is considering new disclosure rules on equity swap arrangements. According to a Bloomberg News story, the SEC’s examination of equity swaps is a direct result of CSX’s battle with TCI and 3G.

Read Complete Article

Comments are closed.

Tags:
bloomberg news, capital-partners, chairwoman, csx, csx corp, disclosure rules, equity swap, florida times union, hedge funds, investment fund management, mary schapiro, news last week, proxy fight, rsquo, s board, securities-and-exchange-commission, senate subcommittee, tci, times-union, u s senate