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Pioneer Railcorp Enters Into Merger Agreement To Be Acquired By BRX Transportation Holdings For $18.81 Per Share In Cash Pioneer Railcorp Enters Into Merger Agreement To Be Acquired By BRX Transportation Holdings For $18.81 Per Share In Cash
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May 2019

Pioneer Railcorp Enters Into Merger Agreement To Be Acquired By BRX Transportation Holdings For $18.81 Per Share In Cash

PEORIA, IL, May 17, 2019 /PRNewswire/ — Pioneer Railcorp (OTC: PRRR, “Pioneer”), a railroad holding company that owns short-line railroads and several other railroad-related businesses including a railroad equipment company and a contract switching services company, and BRX Transportation Holdings, LLC (“BRX”), an entity formed by Brookhaven Rail Partners (“Brookhaven“) and Related Infrastructure (“Related”), announced entry into a definitive merger agreement under which BRX will acquire Pioneer for $18.81 per share in cash. The agreement, which has been unanimously approved by Pioneer’s independent directors, represents a premium of approximately 100.7% over Pioneer’s closing stock price on May 16, 2019, the last trading day prior to the announcement of the transaction.

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Recent Posts

  • Related, Brookhaven Rail Partners, and Stephens Complete Acquisition of Pioneer Railcorp, A Premier Owner of Short-Line Railroads and Railroad Related Businesses
  • Pioneer Railcorp Shareholders Approve Merger Agreement With BRX Transportation Holdings
  • Pioneer Railcorp Enters Into Merger Agreement To Be Acquired By BRX Transportation Holdings For $18.81 Per Share In Cash

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