Genesee & Wyoming To Be Acquired By Brookfield, GIC In $8.4 Bln Deal

(RTTNews) - Genesee & Wyoming Inc. has agreed to be acquired by the affiliates of Brookfield Infrastructure and GIC in a deal valued at approximately $8.4 billion including assumption of debt. Genesee & Wyoming stockholders will receive $112 in cash per share of common stock. The deal will result in Genesee & Wyoming becoming a privately held company.

Jack Hellmann, G&W CEO stated: "For our current stockholders, the sale price realizes significant value and represents a 39.5% premium to our March 8th share price."

Brookfield Infrastructure's investment will be approximately $500 million of equity. Brookfield Infrastructure's institutional partners and GIC will make the rest of the funding.