Genesee Eyes $1.4B RailAmerica Buy To Form US Rail Titan

Law360, New York (July 23, 2012, 3:20 PM EDT) -- Genesee & Wyoming Inc. has agreed to hand over $1.39 billion in a cash deal for RailAmerica Inc. backed by debt and private equity financing, a move that will combine North America’s two largest short-line and regional rail operators, the pair said Monday.

After the deal, Greenwich, Conn.-based Genesee & Wyoming said it expects $1.4 billion in overall revenues for the combined company — an increase of two-thirds over its standalone numbers. North American revenues will double to $1.1 billion, the company said.

The companies also...
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