CSX Corp. Shares Jump Amid Reports Of Activist Targeting

By Wallace WitkowskiMarketsMarketWatch Pulse

CSX Corp. shares rallied in the extended session Wednesday after reports that departing Canadian Pacific Railway Ltd. CEO Hunter Harrison will partner with activist investors to target CSX. CSX shares jumped 11% to $41 a share after hours, following a 3.2% decline in the regular session whenearnings missed Wall Street targets late Tuesday. Last year, CSX turned down Canadian Pacific's $20 billion offer to acquire the railroad.

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