CSX recommends shareholders reject 'mini-tender' offer by TRC Capital

Conducting Negotiations in Modern Boardroom

By LoadstarEditorial

24/03/2022

PRESS RELEASE

JACKSONVILLE, Fla. – March 23, 2022 – CSX Corp. (NASDAQ: CSX) (“CSX”) announced today that it received notice of an unsolicited “mini-tender” offer by TRC Capital Investment Corporation (“TRC”) to purchase up to four million shares of CSX common stock at a price of $34.75 per share in cash. The offer price is 4.43% below the $36.34 closing price of CSX common stock on March 18, 2022 the last trading day before the mini-tender commenced.

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CSX TRC Capital

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