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JACKSONVILLE, Fla., May 15 /PRNewswire-FirstCall/ -- CSX Corporation
(NYSE: CSX) today announced that it has sent a letter to all CSX shareholders
and filed an investor presentation with the Securities and Exchange Commission
(the "SEC") in connection with the company's 2008 annual meeting of
shareholders scheduled for Wednesday, June 25, 2008.
"We have released today's letter and presentation because our shareholders
are entitled to accurate information when deciding the future of CSX and their
investment. We are obligated to set the record straight," said Michael J.
Ward, CSX chairman, president and chief executive officer. "CSX has delivered
outstanding financial and operational results, and the Board of Directors has
concrete plans to continue creating shareholder value."
The CSX Board of Directors recommends that shareholders re-elect its
experienced and highly qualified directors and support the Board's efforts to
create additional value by promptly voting the WHITE proxy card by telephone,
Internet or mail. CSX also strongly urges shareholders to disregard any blue
proxy card sent by The Children's Investment Fund ("TCI") or other members of
TCI's group, including 3G Capital Partners.
CSX shareholders who have any questions or need assistance voting their
WHITE proxy card should contact Innisfree M&A Incorporated, which is assisting
the company in this matter, toll-free at 877-750-9497.
The investor presentation and letter to shareholders are available on the
company's annual meeting website at http://2008annualmeeting.csx.com or at the
SEC's website at www.sec.gov. In addition, the full text of the letter is
below:
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O.K, in layman’s terms it seems that the “boys in the boardroom” are a little nervous now. [:-,]