Providence & Worcester (PWX) Receives Shareholder Approval of Genesee & Wyoming (GWR) Deal
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Providence and Worcester Railroad Company Shareholders Approve Acquisition by Genesee & Wyoming Inc.
October 26, 2016 12:46 PM EDTWORCESTER, Mass.--(BUSINESS WIRE)-- Shareholders of Providence and Worcester Railroad Company (PWRR) (NASDAQ: PWX) today approved the proposed acquisition of PWRR by Genesee & Wyoming Inc. (G&W) (NYSE: GWR) pursuant to the previously disclosed Merger Agreement, dated as of August 12, 2016 (the Merger Agreement) at its special meeting of shareholders.
Subject to the terms of the Merger Agreement, PWRR will merge with Pullman Acquisition Sub Inc., a wholly-owned subsidiary of G&W, with PWRR surviving the merger and becoming a wholly-owned subsidiary of G&W. Under the terms of... More