RailAmerica stockholders approve 1.1 bln usd acquisition by Fortress Investment |
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Published
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Mon, 12 Feb 2007 18:42
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BOCA RATON, FL (AFX) - RailAmerica Inc said its shareholders voted to approve the proposed takeover by hedge fund Fortress Investment Group LLC.Holders representing 74 pct of the short-line railroad operator's sharesvoted for the merger.RailAmerica stockholders will receive 16.35 usd cash a share, or 1.1 bln usd in total.RailAmerica said it expects the sale to close on Wednesday.newsdesk@afxnews.comvsCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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FIG plans first U.S. hedge fund IPO 