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Did Activists Signal Their Next Targets in the Recent Quarterly Filings?

New positions disclosed in quarterly 13F filings by TCI, Starboard, and others raise some interesting possibilities..

       Jeff Smith, chief executive officer and chief investment officer at Starboard Value (photo credit: David Paul Morris/Bloomberg) Christopher Hohn’s TCI Fund Management took small stakes in two different major railroads — Norfolk Southern Corp. and Union Pacific Corp. — in the second quarter. The London-based activist firm, which surged 19 percent

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