(Norfolk Southern issued the following news release on May 1.)
NORFOLK, Va. — Norfolk Southern Corporation announced a voluntary offer to purchase shares of its common stock from stockholders who own fewer than 100 shares. The program expires May 30, 2006, unless extended or terminated earlier by Norfolk Southern.
Stockholders who accept the offer and tender their shares will be paid a per share price equal to the average of the high and low trading prices for Norfolk Southern common stock on the New York Stock Exchange on the date on which the transaction is processed. Stockholders who participate in the offer will not have to pay brokerage commissions, fees or other transaction costs.
Information about the program will be mailed to eligible shareholders, and questions should be directed to the program administrator, D.F. King & Co. Inc., toll-free at (800) 991-5620. Neither Norfolk Southern Corporation nor D.F. King & Co. makes any recommendation to shareholders as to whether they should participate in this program.
Norfolk Southern Corporation is one of the nation’s premier transportation companies. Its Norfolk Southern Railway subsidiary operates 21,200 route miles in 22 states, the District of Columbia and Ontario, Canada, serving every major container port in the eastern United States and providing superior connections to western rail carriers. NS operates the most extensive intermodal network in the East and is North America’s largest rail carrier of automotive parts and finished vehicles.