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Dec. 19, 2012, 5:45 PM
Dec. 19, 2012, 3:23 AMGreenbrier (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) | Comment!
Dec. 18, 2012, 1:19 PMAmerican Railcar (ARII +5.9%) and Greenbrier (GBX +6.1%) both trade higher following the announcement of a merger between the two railroad companies. Though the deal looks like a winner to a number of analysts, others warn the acquisition faces a stiff challenge to clear regulatory hurdles. | Comment!
Dec. 18, 2012, 7:06 AM
ARII vs. ETF Alternatives
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