Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Wed, April 24, 5:40 PM
This Slide: #476 of 620 |
Slide #476. Genesee & Wyoming Inc. — Preferred Stock Offering
Company:
Genesee & Wyoming Inc. (GWR)
Date announced:
11/13/2013
Shares Offered:
5,984,232
Preferred Stock Offering Details:
Genesee & Wyoming Inc. announced the sale of an aggregate of 5,984,232 shares of Class A Common Stock of G&W owned by investment funds associated with The Carlyle Group ("Carlyle"). The announced sale represents the entire interest of Carlyle and its associated investment funds in G&W. G&W will not receive any proceeds from the offering. G&W entered into an Investment Agreement with Carlyle in July 2012 to partially fund G&W's acquisition of RailAmerica, Inc. Pursuant to the Investment Agreement, on October 1, 2012, G&W sold $350 million of 5% Series A-1 Preferred Stock to Carlyle, with a conversion price of $58.49. On February 13, 2013, G&W converted all of Carlyle's Series A-1 Preferred Stock into 5,984,232 shares of G&W's Class A Common Stock. The last reported sale price of G&W's Class A Common Stock on the NYSE as of November 13, 2013 was $98.87.
Genesee & Wyoming owns or leases freight railroads worldwide. Co. has three segments: North American Operations, which includes several regions that serve U.S. states and Canadian provinces and includes short line and regional freight railroads; Australian Operations, which serves New South Wales, the Northern Territory and South Australia and operates the Tarcoola-to-Darwin rail line; and U.K./European Operations, which is led by Freightliner Group Limited, a rail maritime intermodal operator and rail freight provider, as well as regional rail services in Continental Europe.
Open the GWR Page at Preferred Stock Channel »
|
Open the GWR Page at Preferred Stock Channel (in a new window) »
Free GWR Email Alerts: Get Dividend Alerts Get SEC Filing Alerts |
Hold (2.00 out of 4) 91st percentile
(ranked higher than approx. 91% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
|