Post by
ghostzapper on Sep 28, 2021 11:20pm
TCI vote
Bring it. I look forward to reading about TCI's proposal to shake-up CNR.
Comment by
Justhalffull on Sep 29, 2021 9:09am
TCI upped their stake in CN a day before the merger was rejected. They now own 5.2% of CN and must report their trading actions. This also gives them an ability to put pressure on the CN board to take actions.
Comment by
ghostzapper on Sep 29, 2021 9:27am
Comments from TCI this morning. CN failed to disclose the material development that Julie Godin had resigned from the Board on September 16, 2021 in an appropriate and timely manner.
Comment by
HatrikSeLaine on Sep 29, 2021 10:05am
This is a serious oversight and it would seem to me that this lies at the feet of the Chief Legal Officer. The cracks are starting to show in the armour now, and its just a matter of time before the Board level shake-up occurs. This is sadly long overdue (about 3 years too late).
Comment by
Justhalffull on Sep 29, 2021 11:40am
Not sure the Chief Legal Officer would have any role in this. The Board of Directors would have received the resignation notice, and they would have to notify Media Relations and Investor Relations of the matter. Whether they did or not is not known. I guess an investigation by CN will provide the answer.
Comment by
ghostzapper on Oct 20, 2021 10:15pm
Another activist investor has joined the fray. Elliott Management Corp has also taken a stake in CNR.
Comment by
autofocus111 on Oct 21, 2021 10:53am
A train wreck in the making. Elliot has a spotty history of success. I wouldn't hold my breath waiting on them to deliver long-term high quality results. They're geared at making a quick buck and then running along.