Brookfield Infrastructure Partners and GIC Consortium Strikes Deal to Buy Genesee & Wyoming
Affiliates of Brookfield Infrastructure Partners and GIC struck an agreement to acquire short-line railroad specialist Genesee & Wyoming for $112 per share in cash; the transaction will make G&W a privately held entity. G&W’s board of directors unanimously approved the offer. In short, we are raising our fair value estimate to $112 per share to reflect Brookfield and GIC’s offer for all outstanding shares--our previous $74 fair value estimate reflects our take on G&W’s stand-alon...Genesee & Wyoming owns or leases freight railroads worldwide. The company has three segments: North American Operations, which includes several regions that serve U.S. states and Canadian provinces and includes short line and regional freight railroads; Australian Operations, which serves New South Wales, the Northern Territory and South Australia and operates the Tarcoola-to-Darwin rail line; and U.K./European Operations, which is led by Freightliner Group Limited, a rail maritime intermodal operator and rail freight provider, as well as regional rail services in Continental Europe.
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