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RailAmerica, Inc. (NYSE:RA) Investor Investigation Over Potential Breaches Of Fiduciary Duties In Connection With The Proposed Takeover By Genesee & Wyoming Inc

  • If you purchased shares of RailAmerica, Inc. (NYSE:RA) prior to July 23, 2012, and currently hold any of those NYSE:RA shares, you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
RailAmerica, Inc.
Security
NYSE: RA

Summary

July 23, 2012 (Shareholders Foundation) -- An investigation on behalf of investors in RailAmerica, Inc. (NYSE:RA) shares was announced concerning whether the offer by Genesee & Wyoming Inc to acquire RailAmerica, Inc. at $27.50 per NYSE:RA shares

The investigation by a law firm concerns whether certain officers and directors of RailAmerica, Inc. breached their fiduciary duties owed to NYSE:RA investors in connection with the proposed acquisition.

On July 23, 2012, Genesee & Wyoming Inc. (NYSE: GWR) and RailAmerica, Inc. (NYSE: RA) announced that they have entered into an agreement under which Genesee & Wyoming Inc will acquire RailAmerica for an all cash purchase price of $27.50 per share.
Following the takeover news NYSE:RA shares jumped from $24.81 per share on Friday to $27.30 per share on Monday, July 23, 2012.

However, at least one analyst has set the high target price for NYSE:RA at $28 per share. In addition RailAmerica, Inc. (NYSE:RA) reported that its annual Revenue increased from $425.77million in 09 to $551.12million in 2011 and its Net Income over the respective time frames rose from $15.84million to $36.87million. Also, shares of RailAmerica, Inc. (NYSE:RA) grew from $9.24 per share in October 2010 to over $26 per share in mid-July 2012.

Therefore the investigation for NYSE:RA investors concerns whether the proposed transaction is unfair to RailAmerica stockholders. Specifically, the investigation focuses on whether the RailAmerica, Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

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