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Genesee & Wyoming Announces Plan To Separate Into Three Geographically Focused Companies

By Reuters News

Nov 11 (Reuters) - Genesee & Wyoming:

  • GENESEE & WYOMING ANNOUNCES PLAN TO SEPARATE INTO THREE GEOGRAPHICALLY FOCUSED COMPANIES

  • GENESEE & WYOMING: SEPARATION PENDING REGULATORY APPROVAL; THREE COMPANIES TO OPERATE INDEPENDENTLY FROM JAN 1, 2027

  • GENESEE & WYOMING: THREE COMPANIES, EACH UNDER CONTINUED OWNERSHIP OF BROOKFIELD AND GIC, WILL HAVE ATLANTIC & GREAT LAKES TRANSPORTATION INC

  • GENESEE & WYOMING: TWO COMPANIES WILL BE CALLED CANYON & CASCADE TRANSPORTATION INC AND GENESEE & WYOMING INC UNDER PLAN

  • GENESEE & WYOMING: G&W WILL BE BASED IN JACKSONVILLE AND CONTINUE TO BE LED BY CEO MICHAEL MILLER

  • GENESEE & WYOMING: WILL RETAIN OTHER SUBSIDIARY OPERATIONS IN MIDWEST, SOUTHEAST, CENTRAL US, CANADA - ABOUT 65% BUSINESS AS IT CURRENTLY EXISTS

  • GENESEE & WYOMING: CANYON & CASCADE WILL BE LED BY CEO DAVID FRANKLIN

  • GENESEE & WYOMING: ATLANTIC & GREAT LAKES WILL BE LED BY CEO BILL KEOUGH

Further company coverage: BIP.N

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