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Slideshow Preferred Stock Offerings

By Ru Back Packer Staff, updated Thursday, February 1, 5:08 AM

Slide #270. Genesee & Wyoming Inc. Preferred Stock Offering

Company: Genesee & Wyoming Inc. (NYSE: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 and operates freight railroads worldwide that are organized in 10 operating regions. Co. has three segments: North American Operations, which includes eight regions that serve 41 U.S. states and four Canadian provinces and includes 115 short line and regional freight railroads with more than 13,000 track-miles; Australian Operations, which provides rail freight services in New South Wales, including in the Hunter Valley coal supply chain, the Northern Territory and South Australia; and U.K./European Operations, which is led by Freightliner Group Limited, a rail maritime intermodal operator and a rail freight company.
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Name: Genesee & Wyoming Inc.
Website: gwrr.com
Sector: Railroads
Number of ETFs Holding GWR: 50 (see which ones)
Total Market Value Held by ETFs: $623,553,308
Total Market Capitalization: $4,939,000,000
% of Market Cap. Held by ETFs: 12.63%

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