DARIEN, Conn.--(BUSINESS WIRE)--Feb. 24, 2015--
Genesee & Wyoming Inc. (G&W) (NYSE:GWR) announced today that it has
agreed to acquire approximately 95% of the shares of Freightliner Group
Limited (Freightliner) from Arcapita and other shareholders for cash
consideration of approximately £490 million (US$755 million at current
exchange rates) and to assume approximately £8.5 million (US$13 million)
in net debt and capitalized leases. Members of the existing Freightliner
management team will retain an approximate 5% ownership interest with
G&W to own 100% by mid-2020. The acquisition is expected to close during
the firs...
More...
Genesee & Wyoming Inc. (G&W) (NYSE:GWR) announced today that it has
agreed to acquire approximately 95% of the shares of Freightliner Group
Limited (Freightliner) from Arcapita and other shareholders for cash
consideration of approximately £490 million (US$755 million at current
exchange rates) and to assume approximately £8.5 million (US$13 million)
in net debt and capitalized leases. Members of the existing Freightliner
management team will retain an approximate 5% ownership interest with
G&W to own 100% by mid-2020. The acquisition is expected to close during
the firs...
More...
