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Re: Genesee & Wyoming lands agreement to acquire RailAmerica
Author: Graham Buxton
Date: 07-23-2012 - 11:38

And the sharks, oops attorneys, are already circling.

Quote:
TheStreet.com
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of RailAmerica, Inc. (“RailAmerica” or the “Company”) (NYSE: RA) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Genesee & Wyoming Inc.
...
Under the terms of the proposal, public shareholders of RailAmerica will receive $27.50 per share in cash for each share of RailAmerica they own. The investigation concerns whether RailAmerica’s board of directors failed to adequately shop the Company and obtain the best possible value for RailAmerica’s shareholders before entering into an agreement with Genesee. According to Yahoo! Finance, at least one analyst has set a price target for RailAmerica’s stock at $28.00 per share.

Full story here:
[www.thestreet.com]


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Subject Written By Date/Time (PST)
  Genesee & Wyoming lands agreement to acquire RailAmerica Jon 07-23-2012 - 08:19
  Re: Genesee & Wyoming lands agreement to acquire RailAmerica Graham Buxton 07-23-2012 - 11:38
  Re: Genesee & Wyoming lands agreement to acquire RailAmerica Tom McCann 07-23-2012 - 12:09
  Re: Genesee & Wyoming lands agreement to acquire RailAmerica Jon 07-23-2012 - 12:42
  Re: Genesee & Wyoming lands agreement to acquire RailAmerica Juppo 07-24-2012 - 14:25


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