GWI's acquisition of RailAmerica receives STB approval

12/24/2012 | · RT&S online

Genesee & Wyoming's plan to acquire RailAmerica's 45 regional and short line railroads recently gained approval from the Surface Transportation Board. The approval came after STB ruled that GWI's acquisition plan will not reduce competition significantly, lead to a monopoly, hamper interstate commerce or improve market power. The agency's decision is scheduled to take effect on Friday.

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