GWI completes $234M buy of 10 railway lines from OCR

Oct 02, 2008 | 08:29 AM | Scott Robertson

Genesee & Wyoming Inc. (GWI), Greenwich, Conn., has completed its acquisition of 10 short-line railroads known as the Ohio Central Railroad System (OCR) for $234 million, subject to adjustment for final working capital.

The cash purchase price included $7.5 million of contingent consideration that GWI has placed into escrow. That money will be paid to Ohio Central upon satisfaction of certain conditions.....

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