Brookfield Infrastructure BIP and GIC, along with Brookfield Infrastructure’s institutional partners, will acquire U.S. freight railroad owner and operator Genesee & Wyoming Inc. GWR in a transaction valued at approximately $8.4 billion including debt. Genesee & Wyoming stockholders will receive $112 in cash per share of common stock.
Genesee & Wyoming owns a portfolio of 120 short line railroads, predominantly in North America, with operations in Europe and Australia.
“For our current stockholders, the sale price realizes significant value and represents a 39.5% premium to our March 8 share price. And for long-term investors who have owned our shares for the past two decades, the sale price represents a return of more than 5,400%,” said Jack Hellmann, G&W CEO.
Genesee & Wyoming shares were trading higher by 8.5% at $108.50 in Monday's pre-market session.
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