American Railcar Industries in Buyout Bid for Greenbrier

American Railcar Industries (NASDAQ: ARII  ) has launched a buyout offer for Greenbrier Companies (NYSE: GBX  ) , according to an SEC filing. American Railcar, whose chairman is activist investor Carl Icahn, is offering $20 in cash per share of common stock for the rival train car manufacturer.

Icahn held slightly less than 10% of Greenbrier at the end of November. This made him the firm's top shareholder at the time.

The $20 bid represents a premium of 5% to Greenbrier's Monday closing price. The bid values Greenbrier at slightly less than $543 million.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2159742, ~/Articles/ArticleHandler.aspx, 10/25/2016 10:38:52 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,236.14 13.11 0.07%
S&P 500 2,148.73 -2.60 -0.12%
NASD 5,305.09 -4.74 -0.09%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/25/2016 10:22 AM
ARII $37.74 Down -0.44 -1.15%
American Railcar I… CAPS Rating: ***
GBX $33.55 Down -2.45 -6.81%
The Greenbrier Com… CAPS Rating: *****