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
- Jobs Still Protected After Merger Delay
- Recommit to the Work Ahead this MLK Day
- Federal Protection for Train Crews Promised by Passenger Rail Crew Protection Act
- New Rail Safety Bill Addresses East Palestine “Vent and Burn” Failures
- Philadelphia Bus Operator Reinstated by Arbitration Victory
- Are You Registered to Vote? Check Your Status Today!
- CSX ENDS OPERATION REDBLOCK
- Registration Open for St. Paul Regional Training Seminar
- Important DOT Drug Testing Notice Affects Members
- Honoring the Life of Brother Ed Weathers, Jr.