Railroad operator Genesee & Wyoming Inc. is being purchased by a group of investors for roughly $6.5 billion, a deal that will take the company private after it acquired more than 100 smaller railroads over the past two decades. Affiliates of both Brookfield Infrastructure Partners L.P. and Singapore sovereign-wealth fund GIC are buying Genesee & Wyoming for $112 a share in cash. Brookfield invests in infrastructure such as utilities, transportation and energy, including railroads in Brazil and Australia.

Source: Wall Street Journal July 01, 2019 11:38 UTC