CSX up after Reuters report on Toms Capital seeking meeting with co's board

ReutersAug 19, 2025 4:00 PM

Shares of railroad operator CSX CSX.O rise 1.9% to $36.66

Hedge fund Toms Capital Investment Management has requested to meet with CSX's board after recently buying a stake, raising speculation the firm may push for a possible merger, Reuters reports, citing people familiar with the matter

Toms Capital invested in CSX during Q2, holding 5.6 million shares of common stock as of June 30

It is unclear exactly what Toms Capital wants but Ben Pass, who runs the firm, has a history of pushing for mergers at companies like U.S. Steel and Kenvue KVUE.N, the report said

Up to last close, CSX had risen 11.5% YTD

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