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"Genesee & Wyoming, a railroad freight hauler, said Monday it would buy Providence & Worcester Railroad Co. for $126 million, or $25 a share, to expand its routes in the northeast.The deal is a 53-percent premium over P&W’s Friday closing price of $16.30. The stock closed Monday at $24.56, up $8.26.P&W, which employs 140 people, provides rail service with 32 locomotives in Rhode Island, Massachusetts, Connecticut and New York across 163 miles of owned track and about 350", www.providencejournal.com
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