Four suitors for Genesee & Wyoming

Published: May 28, 2019

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.