Csx corp. recommends shareholders reject “mini-tender” offer by trc capital investment corporation

Jacksonville, fla., march 23, 2022 (globe newswire) -- 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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