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
- What SMART-TD Members Need to Know as SEPTA Strike Looms For TWU
- Help Local 427 Compete to “Fill the Sleigh” With Donated Bikes
- Veteran Benefits Enhancement Act Protects Railroaders Who Served
- Brother loses leg to on-the-job injury, Needs Our Help
- Honoring Our Members Who Have Served: A Veterans Day Message from President Ferguson
- 2025 Houston Solidarity Rally: barbecue, brotherhood, and building power
- SMART-TD’s Chris Smith Wins City Council Seat in Tama, Iowa
- NTSB Issues Two Rail Safety Alerts
- Railroader Healthcare Costs Remain Stable While National Averages Soar
- Call to Action in Mass.: Transit Safety Legislation Up for Final Vote