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CSX Commences Purchase Of Tendered Shares

RICHMOND, Va., Nov. 26 /PRNewswire/ -- CSX Corporation (CSX) (NYSE: CSX) today announced that it has commenced payment for the 19.9% of outstanding shares of Conrail Inc. (NYSE: CRR) it accepted for payment on November 21 under its $110 per share tender offer. The final proration factor under the CSX tender offer is 23.451836%.

CSX Corporation, headquartered in Richmond, Va., is an international transportation company offering a variety of rail, container-shipping, intermodal, trucking, barge and contract logistics management services.

Conrail, with corporate headquarters in Philadelphia, Pa, operates an 11,000-mile rail freight network in 12 Northeastern and Midwestern states, the District of Columbia and the Province of Quebec.

CSX's home page can be reached at http://www.CSX.com. Conrail's home page can be reached at http://www.CONRAIL.com.

SOURCE CSX Corporation
 -0- 11/26/96


/CONTACT: Thomas E. Hoppin of CSX, 804-782-1450, or Richard Wolff of Kekst and Company, 212-593-2655/

(CSX CRR)

CO: CSX Corporation; Conrail, Inc. ST: Virginia, Pennsylvania IN: TRN SU: TNM

TM -- NYTU136 -- 4474 11/26/96 18:54 EST http://www.prnewswire.com
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Publication:PR Newswire
Date:Nov 26, 1996
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