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US: Genesee & Wyoming go private for about $6.5B

By  |  July 1, 2019
Railroad operator Genesee & Wyoming is being taken private by Brookfield Infrastructure and GIC in a deal valued at about $6.35 billion, reported the Wall Street Journal.

Genesee & Wyoming Inc. owns 120 short line railroads, mostly in North America, with operations in Europe and Australia. Through its subsidiaries worldwide, it provides transportation infrastructure services over more than 26,000 kilometers of track.

The transaction is expected to close by year-end or early next year. It needs approval from G&W stockholders, the Committee on Foreign Investment in the United States, the U.S. Surface Transportation Board, and certain competition and antitrust approvals.

Full Content: Wall Street Journal

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