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
- Senate Passes Tax Bill Without Including Railroaders
- SMART-TD Honors the Retirement of Brother Greg Hynes: A Visionary, a Fighter, and a Legend
- SMART-TD Calls on U.S. Senate to Support the Cantwell Amendment and Protect Rail Workers
- Yardmaster Protection Act Introduced
- PHOTO GALLERY: 2025 Denver Regional Training Seminar
- Fighting for Stronger Heat Protections for Rail Workers
- Regional Training Seminar Sets (Mile-High) Record in Denver
- Registration Open for Anaheim Regional Training Seminar
- Help Promote Rail Crossing Safety on ENS Sign Awareness Day
- Streak of Organizing Wins, Strong Agreements Highlights the SMART-TD Difference