San Diego, CA -- (SBWire) -- 07/24/2019 --The acquisition of Genesee & Wyoming Inc. is under investigation concerning whether is unfair to NYSE: GWR stockholders.
Investors who purchased shares of Genesee & Wyoming Inc. (NYSE: GWR) and currently hold any of those NYSE: GWR shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Genesee & Wyoming Inc. breached their fiduciary duties owed to NYSE: GWR investors in connection with the proposed acquisition.
Darien, CT based Genesee & Wyoming Inc. owns and leases freight railroads worldwide. On July 1, 2019, Genesee & Wyoming Inc. (NYSE:GWR), together with Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN), GIC and Brookfield Infrastructure's institutional partners (together referred to as the "Consortium"), are announcing an agreement pursuant to which affiliates of Brookfield Infrastructure and GIC will acquire Genesee & Wyoming Inc. (NYSE: GWR) in a transaction valued at approximately $8.4 billion including debt. Pursuant to the agreement, each issued and outstanding share of Genesee & Wyoming Inc. (NYSE: GWR) will be converted into the right to receive $112 per share in cash.
However, the investigation concerns whether the offer is unfair to NYSE: GWR stockholders. More specifically, the investigation concerns whether the Genesee & Wyoming Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Genesee & Wyoming Inc. reported that its annual Total Revenue rose from over $2.2 billion in 2017 to over $2.34 billion in 2018.
Shares of Genesee & Wyoming Inc. (NYSE: GWR) closed on July 23, 2019, at $109.46 per share.
Those who are current investors in Genesee & Wyoming Inc. (NYSE: GWR) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
NYSE:GWR Investor Alert: Investigation of Takeover of Genesee & Wyoming Inc.
An investigation on behalf of investors of Genesee & Wyoming Inc. (NYSE: GWR) in connection with the proposed takeover was announced and NYSE: GWR stockholders should contact the Shareholders Foundation.