Investor Icahn seeks Greenbrier takeover

Dec 18, 2012 | 05:25 PM | Frank Haflich

Tags  rail manufacturers, rail cars, Greenbrier, ARII, Gunderson, William Furman, Carl Icahn, Frank Haflich

LOS ANGELES — Billionaire investor Carl Icahn’s proposal to gain control of Greenbrier Cos. could lead to the merger of two of the largest U.S. rail car manufacturers.

Icahn’s American Railcar Industries Inc. (ARII) has bid $20 apiece for the outstanding Greenbrier common shares that it doesn’t already own in a potential $543-million transaction, according to a filing with the U.S. Securities and Exchange Commission. Icahn is majority owner of St. Charles, Mo.-based ARII.

Oswego Lakes, Ore.-based Greenbrier manufactures rail cars, marine barges and railroad equipment in the United States and Mexico and claims to make 24 percent of North America’s rail car deliveries, which the company says is double ARII’s share.....

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