Icahn sells most of Greenbrier stake

Dec 28, 2012 | 03:53 PM | Frank Haflich

Tags  Carl Icahn, Greenbrier, American Railcar Industries, rail cars, Frank Haflich

LOS ANGELES — Carl Icahn has thrown in the towel on his bid to create the largest North American rail car builder, unloading most of his stock in Greenbrier Cos.

A U.S. Securities and Exchange Commission (SEC) filing revealed that the billionaire investor—who was looking to combine his majority-controlled American Railcar Industries Inc. (ARII) with Lake Oswego, Ore.-based Greenbrier—has sold 1.79 million shares of Greenbrier common stock, dropping his ownership interest to 3.41 percent from an earlier 9.9 percent.....

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