Brookfield, Blackstone are among bidders for Genesee & Wyoming

(Source: Bloomberg, May 23, 2019) 

NEW YORK — Affiliates of Brookfield Asset Management Inc., Blackstone Group LP, Stonepeak Infrastructure Partners and EQT Partners are vying to acquire railroad operator Genesee & Wyoming Inc., according to people familiar with the matter. The investment firms are among suitors that have progressed into the next round of bidding for the company, said the people, asking not to be identified because the matter is private. The company is seeking at least $110 per share, they said. A deal at that price would value Genesee & Wyoming’s equity at about $6.2 billion, based its 56.5 million shares of common stock outstanding at April 1, according to data compiled by Bloomberg.

Full story: Bloomberg

Tuesday, May 28, 2019