GREENWICH, Conn. & JACKSONVILLE, Fla.--(BUSINESS WIRE)--Jul. 23, 2012--
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
r...
More...
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
r...
More...
