Greenbrier snubs second Icahn bid
Dec 21, 2012 | 02:58 PM
| Frank Haflich
Tags
Greenbrier,
American Railcar Industries,
ARII,
Carl Icahn,
Daniel Ninivaggi,
William Furman,
Frank Haflich
LOS ANGELES — Greenbrier Cos. has turned down a second, sweetened takeover deal from billionaire investor Carl Icahn, with the two sides continuing to trade barbs amid apparent skepticism on Wall Street that a deal, which could create North America’s largest rail car builder, will succeed.
Greenbrier rejected a $22-per-share acquisition offer worth $597 million from Icahn-controlled American Railcar Industries Inc. (ARII), calling it "unacceptable." But the Lake Oswego, Ore.-based rail car builder said that it remains "ready and willing to continue discussions" about a potential tie-up.....
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