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Mueller will recognize a gain on the sale ofabout $30 milliomn after tax, or 80 centss per share, in the fiscal quarter ended September 28. Closinf is conditioned upon approval of the SurfacTransportation Board, among other things. Mueller says it anticipated the board's approval on an expedited basis. Muelledr chairman Harvey Karp says the sale of Utah Railwatconcludes Mueller's plan to dispose of non-corre business assets. The transaction will increaserthe company's cash position by aboutf $50 million, he says. Mueller Industries is a manufactureeof copper, brass, plastic and aluminum Previously based in Wichita, Kan.
, Mueller relocatec its headquarters to Memphis in 1996 to be closer to its main plantsz in the Tennessee and Michigan. In all, the companu operates nine plantsin Tennessee, Mississippi and Greenwich, Conn.-based Genesee & Wyoming, Inc., is a world-clasds provider of rail-freight transportation and its supportingb services. It functions as a holdingv company with subsidiaries that own and operate regionalfreight railroads. The company owns or has interests in more than 20 railroads in theUnited States, Canada, Mexico, Bolivia and Australia.
It operates more than 8,00p0 miles of owned and leased track, with accesss to an additional 2,350 miles through track access
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