RailAmerica Weighs Possible $1.3B Sale Amid Buffett Rumors

Law360, New York (May 23, 2012, 1:01 PM EDT) -- RailAmerica Inc., a private equity-owned regional freight hauler, said late Tuesday it was considering selling itself, responding to market rumors that Warren Buffett might be interested and further fueling speculation about a sale analysts say could fetch $1.3 billion.

Florida-based RailAmerica, which is more than 60 percent owned by Fortress Investment Group LLC, said it was holding preliminary discussions with unidentified parties about a potential sale. The company said it will not comment further until it reaches a final agreement.

Short-haul operators like RailAmerica take coal,...
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