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...
And to think, I knew G&W when they were just a little ALCO powered short line hauling salt in upstate NY.
