G&W Takeover

[Bob Bufkin]

GREENWICH, Conn.--(BUSINESS WIRE)--Dec. 20, 2012-- Genesee & Wyoming Inc. (“GWI”) (NYSE: GWR) today announced that the U.S. Surface Transportation Board ("STB") has approved its application to control RailAmerica, Inc., and the RailAmerica railroads (collectively, “RailAmerica”), effective December 28, 2012. Assuming no stay requests are made by the December 24, 2012 deadline set by the STB, the voting trust that has controlled RailAmerica since the transaction closed on October 1, 2012 is expected to be dissolved on December 28, 2012. Thereafter, GWI would assume control of RailAmerica and begin integration of the two companies.

[asarge]

The Borg gobbles up another one.

[Philip H]

And the FEC slides further into oblivion.   

[cv_acr]

And the FEC slides further into oblivion.   

FEC is separate and wasn't included. It was (and still is) owned by the (now former) owner of RailAmerica but wasn't sold to G&W.

[Bsklarski]

I hope the numbers on my paychecks go up!

[wes_sutton]

I hope the numbers on my paychecks go up!

You probably need to head down under for that to happen.

Here's a short piece I wrote recently on GWI down under for International Railway Journal

http://www.railjournal.com/index.php/blogs/mark-carter/despite-rail-america-takeover-australia-is-still-key-for-genesee-wyoming.html?channel=