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Genesee & Wyoming expects to close the deal via a voting trust as early as the third quarter and then fully integrate RailAmerica once it receives the regulatory approval. It expects to pay for the deal and refinance existing debt with about $2 billion in new debt and $800 million in equity or equity-linked securities. When the deal closes, it will expand Genesee's network to 37 U.S. states from 24. The U.S. business will make up about 70 percent of its revenue. The way the company gets its revenue will also be much more diversified. Genesee said that if the two had been combined last year, no single customer would have represented more than 3 percent of its revenue and no single commodity would have been more than 16 percent. RailAmerica shares rose $2.44, or 9.8 percent, to close at $27.25. Genesee & Wyoming shares gained 35 cents to finish at $56.33.
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