Genesee & Wyoming Application to Control RailAmerica Railroads Approved by US Surface Transportation Board
Genesee & Wyoming (NYSE: GWR) today announced that the U.S.
Surface Transportation Board ("STB") has approved its application to
control RailAmerica, Inc., and the RailAmerica railroads (collectively,
“RailAmerica”), effective December 28, 2012. Assuming no stay requests
are made by the December 24, 2012 deadline set by the STB, the voting
trust that has controlled RailAmerica since the transaction closed on
October 1, 2012 is expected to be dissolved on December 28, 2012.
Thereafter, GWI would assume control of RailAmerica and begin
integration of the two companies.
GWI owns and operates short line and regional freight railroads and
provides railcar switching services in the United