Ackman Triggers CSX Slide With Plans to Stay Silent on Railroad
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Pershing Capital Management LP founder Bill Ackman said he was leaving CSX Corp. off his agenda for discussion at a hedge-fund conference, and the railroad’s shares slumped the most in more than a month.
“I’ll save you time and energy -- we’re not going to talk about CSX,” Ackman said Monday in a CNBC interview ahead of his appearance at the Sohn Investment Conference in New York. “Maybe no one will show up now.”