Greenbrier (GBX) turns down American Railcar Industries' (ARII) $543M takeover bid, saying the...

|About: The Greenbrier Companies,... (GBX)|By:, SA News Editor

Greenbrier (GBX) turns down American Railcar Industries' (ARII) $543M takeover bid, saying the offer "grossly undervalues the company." However, Greenbrier is willing to continue talks with Carl Icahn, who controls American Railcar, stating that a merger "could be beneficial to both companies" and could achieve "substantial synergies." (PR)