Joined Nov 11, 2007
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$GWR to Buy $RA for $1.39 Billion

“Railroad operator Genesee & Wyoming Inc. (NYSE: GWR) announced this morning that it would acquire RailAmerica Inc. (NYSE: RA) for $27.50 per share in an all-cash deal worth about $1.39 billion. Genesee & Wyoming (GWI) will refinance existing debt and add about $2 billion in new debt to finance the deal. ”

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