Brookfield and GIC to acquire Genesee & Wyoming for $8.4bn.

Brookfield Infrastructure and GIC agreed to acquire Genesee & Wyoming, an American short line railroad holding company, that owns or maintains an interest in 120 railroads throughout six countries, for $8.4bn in cash. The transaction will result in G&W becoming a privately held company. The price of $112 per share of G&W common stock represents a 39.5% premium to the unaffected per share price of $80.28 on March 8, 2019. "This is a rare opportunity to acquire a large-scale transport infrastructure business in North America. G&W will be a significant addition to our global rail platform and will expand our presence in this sector to four continents. G&W provides critical transportation services to more than 3,000 customers, and its cash flows have proven to be highly resilient over many years. Brookfield Infrastructure is well suited to work with the company to continue to improve the business, given our significant experience owning and operating rail, ports and other large scale, transportation infrastructure businesses," Sam Pollock, Brookfield Infrastructure Chief Executive Officer.