Icahn's Railcar Co. Tries Again With $543M Offer For Rival

Law360, New York (December 18, 2012, 2:37 PM EST) -- American Railcar Industries Inc., controlled by activist investor Carl Icahn, lobbed a $543 million offer at rival railcar maker The Greenbrier Cos. Inc., staging Icahn's second try to bring the companies together after a failed attempt a half-decade ago, according to a Tuesday filing.

Under the proposed terms, Greenbrier shareholders would receive $20 for each of their units, roughly a 5.5 percent premium over Monday's close, the securities filing said.

Though the purchase price is only a slight increase over the stock's most recent close, Greenbrier's...
To view the full article, register now.