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
- Honoring the Professional Drivers Who Keep Our Children Safe
- Report Transit Assaults to Help SMART-TD Fight Back
- Another RRB Office Moves to New Location
- Hunting accident claims life of Idaho member’s daughter
- Gardena City Council welcomes SMART-TD to represent GTrans Bus Operators
- NO On-Site Registration Available at Atlanta Regional Training Seminar
- WATCH: Amanda Snide Earns Award for her Passion
- Legal Internship Available for Students from Railroad Families
- HAPPENING TUESDAY: Join Railroaders from Across the Country for Houston Rail Labor Solidarity Rally!
- Amtrak Operating Unions Gather in Maryland