Citibank warns aggressive investors: CSX Transportation (CSX.US) has become the focus of a multiple-party game, with pressure on acquisitions potentially backfiring.
The financial news app Fortune Finance has learned that the aggressive investment firm Ancora Holdings recently sent an open letter to the US railway operator CSX Transportation (CSX.US), urging it to strengthen market competitiveness through mergers and acquisitions. However, this move is considered "too aggressive" by Citi analysts and may backfire. According to Citi analyst Ariel Rosa's report, if Ancora forcibly pushes CSX to sell assets or reach a deal, it may weaken the company's current negotiating position, and it is recommended to "patiently wait for a more prudent approach".
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