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Brookfield, GIC to buy freight rail operator Genesee & Wyoming for $6.4 bn « Back to Search Results

On Monday, the 1st of July 2019, Singaporean state-controlled wealth fund GIC and Canada’s Brookfield Asset Management had reached an accord to purchase Genesee & Wyoming, US freight railroad owner, at an all-cash buyout deal of $6.4 billion, while GIC and Brookfield’s offer of $112 per share stood for a premium of 12 percent to Genesee’s closing price on Friday (June 28th).

Nonetheless, followed by the reveal of acquisition, Genesee’s shares were up by 8.85 percent to $108.85 on Monday’s (July 1st) market closure. Including debt, the buyout deal for the American short-line railroad company, founded back in 1899, valued at $8.4 billion, Genesee said at a statement on Monday (July 1st).

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Both Newcastle and Upton have large deer herds living right in town!  Wild turkeys are everywhere! There are large elk herds to the north, east and west!  There are more North American Pronghorn Antelope than there are people!  Look for groundhogs, snakes and lizards. Wildlife watching is easier than people watching in Newcastle and Upton. Bring your binoculars and your cameras!