Genesee & Wyoming Inc. Enters Into Agreement to Acquire RailAmerica, Inc.; Announces

Mr. RSS Jul 24, 2012

  1. Mr. RSS

    Mr. RSS Administrator

    7,119
    1
    83
    PDF format Greenwich, CT and Jacksonville, FL - Genesee & Wyoming Inc. (GWI) (NYSE: GWR) and RailAmerica, Inc. (NYSE: RA) jointly announced today that they have entered into an agreement under which GWI will acquire RailAmerica for an all cash purchase price of $27.50 per share. GWI’s acquisition of RailAmerica will combine the two largest short line and regional rail operators in North America, strengthening GWI’s ability to serve its industrial customers and Class I railroad partners. In addition, the combination should yield significant synergies and provide strong leverage to the eventual recovery of the U.S. economy, while creating a powerful platform for future industrial d...

    More...
     

Share This Page