Ancora Issues Letter to CSX’s Board of Directors Regarding the Need to Avert a Permanent Impairment of Value and Aggressively Pursue a Value-Maximizing Merger

CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC (together with its affiliates, “Ancora” or “we”) today disclosed the below letter sent to the Board of Directors (the “Board”) of CSX Corporation (NASDAQ: CSX) (“CSX” or the “Company”) on August 6, 2025. Since sending this letter via private channels, CSX has ignored us and not even confirmed receipt of our correspondence. As this occurred, trusted sources informed us that the Company’s advisors appeared to be breaching their ethical obliga