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1/4/2010

Rail News: Rail Industry Trends

An update from Trinity Industries and Quixote

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• Last week, Trinity Industries Inc. and Quixote Corp. reached a definitive agreement for Trinity to acquire the outstanding common shares and equivalents of Quixote for $6.38 per share, or about $61 million in cash. The acquisition, which is expected to close during the first quarter, was unanimously approved by Quixote’s board, according to a Dec. 30 statement.

Contact Progressive Railroading editorial staff.

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