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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 Conrail's home page can be reached at

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/


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

TM -- NYTU136 -- 4474 11/26/96 18:54 EST
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Publication:PR Newswire
Date:Nov 26, 1996
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