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Railroad owner Genesee & Wyoming to take private in $ 8.4B deal




Adelaide, Australia – February 3, 2015: A mix of new and old GWA (Genesee & Wyoming Australia) motive power (locomotives) combine to lift a train of empty grain hoppers out of the Belair crossing runs into the Adelaide Hills and route from port to a

US freight railroads operator Genesee & Wyoming on Monday acquired by Toronto-based Brookfield Asset Management and Singaporean sovereign wealth fund GIC in a deal valued at about $ 8.4 billion, including debt.

the development, citing sources.

Transaction will result in G&W becoming a privately held company

Ticker Security Last Change % Chg
GWR GENESEE & WYOMING 1[ads1]00.00 +1.43 + 1.45%

G&W owns a portfolio of 120 short line railroads, predominantly in North America, with operations in Europe and Australia.

"We believe this transaction is an excellent outcome for all G&W stakeholders, ”said Jack Hellmann, G&W Chairman and Chief Executive Officer." For our current stockholders, the sale price realizes significant value and represents a 39.5 percent premium to our March 8 share price. long-term investors who have owned our shares for the past two decades, the sale price represents a return of more than 5,400 percent. ”

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Pursuant to the agreement, each issued and outstanding share of G&W will be converted into the right to receive $ 112 per share in cash.



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