Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of RailAmerica, Inc
(“RailAmerica” or the “Company”) (NYSE: RA) relating to the proposed
acquisition by Genesee & Wyoming, Inc. (“GWR”).
Under the terms of the transaction, RailAmerica shareholders will
receive only $27.00 in cash for each share of RailAmerica stock they
own. The investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of RailAmerica
for not acting in the Company’s shareholders' best interests in
connection with the sale process to GWR.
The transaction may undervalue the Company as RailAmerica reported first
quarter revenue and earnings that exceeded analyst projections. In
addition, RailAmerica reported earnings per share that were higher than
consensus estimates. Further, the transaction represents only a slight
premium over were the stock traded at in July of 2012 and is below an
analyst price target of $28.00 per share for RailAmerica stock.
If you own shares of RailAmerica stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions, you
may e-mail or call the law office of Brodsky & Smith, LLC who will,
without obligation or cost to you, attempt to answer your questions. You
may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at
Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004,
by e-mail at firstname.lastname@example.org
or by calling toll free 877-LEGAL-90.