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Connecticut-based freight railroad operator Genesee & Wyoming on Monday announced that it will be taken private by Canadian investor Brookfield Infrastructure and Singapore sovereign wealth fund GIC, for $8.4 billion (including assumed debt).

Why it matters: This represents more than a 50% premium to where Genesee & Wyoming shares began 2019, reflecting how railroads have been winning back market share from trucking companies.

Big takeover for freight railroad operator Genesee & Wyoming

Genesee & Wyoming to go private in $8.4 billion deal.

Business

Private equity

Connecticut-based freight railroad operator Genesee &amp; Wyoming on Monday <a class="gtmContentClick" data-vars-link-text="announced" data-vars-click-url="https://www.businesswire.com/news/home/20190701005353/en/Genesee-Wyoming-Acquired-Brookfield-Infrastructure-GIC-8.4#.XRnr1CgxeeM.twitter" data-vars-content-id="7f3ea386-45b5-4a91-8df5-67921e56ead5" data-vars-headline="Big takeover for freight railroad operator Genesee &amp; Wyoming" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.businesswire.com/news/home/20190701005353/en/Genesee-Wyoming-Acquired-Brookfield-Infrastructure-GIC-8.4#.XRnr1CgxeeM.twitter" target="_blank">announced</a> that it will be taken private by Canadian investor Brookfield Infrastructure and Singapore sovereign wealth fund GIC, for $8.4 billion (including assumed debt).Why it matters: This represents more than a 50% premium to where Genesee &amp; Wyoming shares began 2019, reflecting how railroads have been winning back market share from trucking companies.

Big takeover for freight railroad operator Genesee & Wyoming

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