UPDATE 1-RailAmerica explores potential sale
May 22 (Reuters) - Short-line railroad operator RailAmerica Inc said it is considering strategic alternatives, including a potential sale of the company, sending its shares up 9 percent in extended trade.
The company has appointed Deutsche Bank Securities Inc as its financial adviser and to assist in its evaluation of strategic alternatives, it said in a statement.
Shares of the company rose to $24.23 in trading after the bell. They closed at $22.13 on Tuesday on the New York Stock Exchange. (Reporting by Sagarika Jaisinghani in Bangalore; Editing by Sriraj Kalluvila)
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