Icahn Could Revive Merger Bid With 10% Stake In Railcar Co.

Law360, New York (November 13, 2012, 5:19 PM EST) -- Activist investor Carl Icahn picked up a 9.99 percent stake in railcar manufacturer Greenbrier Cos. Inc., according to a securities filing made Tuesday, stoking suspicion that he would try to force another buyout of the company after a failed try in 2008.

In the filing, the billionaire called the stock “undervalued” and said he is planning talks with Greenbrier management. By forking over $40.3 million for the 2.7 million shares, Icahn gains significant leverage in making a potential deal.

Speculation swirled after Icahn's filing over whether...
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