Investor Icahn seeks Greenbrier takeover
Dec 18, 2012 | 05:25 PM
| Frank Haflich
LOS ANGELES Billionaire investor Carl Icahns proposal to gain control of Greenbrier Cos. could lead to the merger of two of the largest U.S. rail car manufacturers.
Icahns American Railcar Industries Inc. (ARII) has bid $20 apiece for the outstanding Greenbrier common shares that it doesnt 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 Americas rail car deliveries, which the company says is double ARIIs share.....
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