Information Provided By:
Fly News Breaks for July 1, 2019
BIP, GWR
Jul 1, 2019 | 13:44 EDT
Stifel analyst Michael Baudendistel downgraded Genesee & Wyoming (GWR) to Hold from Buy after the company agreed to be acquired and taken private by Brookfield Infrastructure Partners (BIP) and its institutional partners. The deal requires two-thirds approval by shareholders, but he sees approval as likely given that the acquisition price is a 39.5% premium to where shares traded before media reports regarding a deal, Baudendistel noted.
News For GWR;BIP From the Last 2 Days
There are no results for your query GWR;BIP