(CSX issued the following news release on August 10.)
JACKSONVILLE, Fla. — CSX Corporation (NYSE: CSX) announced today that it intends to delist its common shares from the London Stock Exchange. The decision to discontinue the company’s secondary listing was based on the low trading volumes and the costs associated with the maintenance of the listings.
CSX’s delisting from the London Stock Exchange will be effective at close of business on Wednesday, September 8, 2004.
This decision will not require any specific action by United Kingdom shareholders. Upon delisting, it is recommended that future trading in CSX shares take place on the New York Stock Exchange.
CSX Corporation, based in Jacksonville, Fla., owns the largest rail network in the eastern United States. CSX Transportation Inc. and its 34,000 employees provide rail transportation services over a 23,000 route-mile network in 23 states, the District of Columbia and two Canadian provinces. CSX Corporation also provides intermodal and global container terminal operations through other subsidiaries.