Four interested bidders have moved ahead to the next round of discussion for a stake in large short-line operator Genesee & Wyoming (G&W), Bloomberg News reports.
Carrier leadership announced earlier this year that the company was up for either an outright acquisition or seeking an investment partner. Bloomberg reports that G&W wants about $110 per share.
In the running are Brookfield Asset Management Inc., Blackstone Group LP, Stonepeak Infrastructure Partners and EQT Partners.
G&W owns or leases 120 freight railroads worldwide and has 8,000 employees, according to the carrier’s website.
Read the full story at Bloomberg News.
Related News
- A Century of Labor History for the Brotherhood of Sleeping Car Porters
- CSX Threatens Engineers’ Jobs with New “Zero-Zero” Autopilot Technology
- Legacy: Edmonds Family Mourns a Loss While Celebrating a Future on the Rails
- UPDATE: Arrangements Announced for Brother Steve Bryant’s Celebration of Life
- Cuts to CSX Peer Training Leave New Hires Without Dedicated Mentors
- UPDATE: Arrangements Announced for Brother Dan Bonawitz’s Celebration of Life
- SMART Mobile App Flyer
- OSHA’s Proposed Heat Injury and Illness Prevention Rule: SMART TD Takes a Stand for Rail Workers’ Safety
- Important Update for SMART-TD Members: New Version of the SMART Union Mobile App is Here!
- After Flames Engulf SEPTA Train, Union’s Commitment to Safety, Training is Emphasized