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.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here