(Source: RailAmerica press release, May 22, 2012)
JACKSONVILLE, Fla. — RailAmerica, Inc. today, in response to market rumors, stated that its Board of Directors is considering strategic alternatives, which may include a sale of the Company. In connection with its evaluation, the Company is engaged in preliminary discussions with third parties regarding a potential sale of the Company. There can be no assurances that any agreement will be reached with respect to a transaction or that a transaction will be consummated. The Company has retained Deutsche Bank Securities Inc. as its financial advisor and to assist in its evaluation. The Company further stated that it does not intend to make any additional comments on this matter unless and until a definitive agreement has been reached.
RailAmerica, Inc. owns and operates short-line and regional freight railroads in North America, operating a portfolio of 45 individual railroads with approximately 7,500 miles of track in 28 U.S. states and three Canadian provinces.