CSX - Mergers and acquisitions

Asserts the Board Should Immediately Announce the Formal Retention of an Investment Bank and Plan to Vigorously Explore Mergers as Rail Consolidation Persists Believes CSX Should be Conducting Ongoing Conversations with BNSF Railway Company and Canadian Pacific Kansas City Limited Notes the Company's Current Standalone Future is Bleak Based on Anemic TSR, Excessive Spending, Poor Recruitment and the Deterioration of Operations Urges the Board to Terminate Joe Hinrichs, a Seemingly Failed CEO, if a Merger Cannot be Consummated in a Timely Manner Ancora Holdings Group, LLC (together with its affiliates, "Ancora" or "we") today disclosed the below letter sent to the Board of Directors

JACKSONVILLE, Fla., June 01, 2022 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ:CSX) today announced it has completed the acquisition of Pan Am Railways, Inc. (Pan Am), expanding its reach into the rapidly growing Northeast region of the country. "We are excited to welcome Pan Am's experienced railroaders into the CSX family and look forward to the improvements we will make together to this important rail network in New England, bringing benefits to all users of rail transportation in the Northeast region," said president and chief executive officer, James M. Foote. "This acquisition demonstrates CSX's growth strategy through efficient and reliable freight service and will provide sustainable a