Genesee & Wyoming's revenue has increased at a compound annual growth rate of 16.8% since it floated in the stock market in 1996, rising to US$2.3 billion in 2018 from US$77.8 million, according to Genesee & Wyoming's latest annual report.
(July 2): Singapore's sovereign wealth fund GIC and Canada's Brookfield Asset Management on Monday agreed to buy US freight railroad owner Genesee & Wyoming for about US$6.4 billion ($8.7 billion) in cash.
Brookfield and GIC's offer of US$112 per share represents a premium of 12% to Genesee's closing price on Friday. Genesee shares were up 9%. Including debt, the deal is valued at about US$8.4 billion, the companies said in a statement.
