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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