Simpson Thacher Represents Genesee & Wyoming Inc. in Acquisition of RailAmerica, Inc.
07.25.12
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The firm is representing Genesee & Wyoming Inc. (NYSE:GWR) in connection with its acquisition of RailAmerica, Inc. (NYSE:RA) for $27.50 per share in cash. The transaction is valued at approximately $1.4 billion, excluding RailAmerica’s outstanding debt. The transaction, which is subject to approval or authorization of the Surface Transportation Board and other customary closing conditions, is expected to close in the fourth quarter of 2012.
Genesee & Wyoming owns and operates short line and regional freight railroads and provides railcar switching services in the United States, Australia, Canada, the Netherlands and Belgium. RailAmerica, Inc. owns and operates short line and regional freight railroads in North America.
The Simpson Thacher team includes: Bill Curbow, Anthony Vernace, Shabarika Ajitkumar and John Freese (M&A); Bill Sheehan, James Doyle and Ken Shin (Credit); Gary Mandel and Seojung Park (Tax); Brian Robbins, Jamin Koslowe, Sarah Dale and Jennifer Wolff (Executive Compensation and Employee Benefits); Adeeb Fadil and Noreen Lavan (Environmental); Lori Lesser and Aditya Basrur (Intellectual Property); A.J. Kess (Public Company Advisory Practice); Marisa Stavenas (Capital Markets); and Krista McManus (Real Estate). Summer associate Deborah Gruen provided valuable assistance.