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New Deal


Announced

Completed

CSX completed the acquisition of Pan Am Railways.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

railroads

Railroads

Acquisition

Majority

Single Bidder

Friendly

Private

Domestic

Completed

Synopsis

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CSX, an international freight transportation company, completed the acquisition of Pan Am Railways, a holding company that owns and operates regional railroads. Financial terms were not disclosed. “In Pan Am, CSX gains a strong regional rail network in one of the most densely populated markets in the US, creating new efficiencies and market opportunities for customers as we continue to grow. We intend to bring CSX’s customer-centric focus and industry-leading operating model to shippers and industries served by Pan Am,” James M. Foote, CSX President and CEO. On April 14, 2022, CSX receives approval to acquire Pan Am Railways.

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