Monday, June 9, 2008

CSX Update

I'm beginning this post while listening to music in my right ear.

I'm on hold as a teleconference is about to begin, sponsored by RiskMetrics. They've brought together representatives from both sides of the TCI/CSX dispute.

FT Alphaville, helping with the hype, has said that this will be a first, "a pixelated and very public showdown between CSX, a container and logistics group, and its activist hedge fund tormentors, TCI and 3G Capital."

On the dais for the railroad, its chairman Michael Ward, its CFO Oscar Munoz, and others.

For the hedge funds: Snehal Amin, founding partner at TCI, and Alexandre Behring, Managing Director at 3G, etc.

Christopher Young will moderate (or referee if it gets good!). He's the head of mergers and acquisitions research at RiskMetrics.

I'm not going to try live blogging. I'll let you know my impressions in tomorrow's entry here, though.

1 comment:

David said...

Looking forward to hear your take on all this. I just got home and missed the cast. I have done some of my own research on TCI's practices overseas, not very encouraging if they have their way with CSX.