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sold $17.8 million shares of stoclk for prices rangingfrom $28.39 to $30.090 per share. The selling of its 4.5 perceny stake in the company follows TCI Managing PartnerChristopher Hohn’s announcement that he wouldn’f run for re-election this year. He said he wouldx focus on the business interestsw ofthe London-based hedge fund, which has sufferedf in the recession. TCI and 3G Capitalp Partners Ltd. were able to seat four members on the CSX CEO Michael Ward previously said meetin g with the four new boardx members from two rival hedge fundz hasbeen “very collegial and constructive.
” “The new members and old memberd are more focussed on what steps the companyu needs to take in an unsteadg economy and still stay dynamic,” said Ward. The boarde recently agreed to invest $1.6 billionm this year in infrastructure, which the hedge funds originally protested.
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