Seeking Alpha
 

American Railcar Industries, Inc. (ARII)

- NASDAQ
Show Summaries  |  Hide Summaries
  • Dec. 19, 2012, 5:45 PM
    Carl Icahn sweetens American Railcar’s (ARII) bid for Greenbrier (GBX) by 10% to $22, and sets a December 21 deadline. GBX turned down American Railcar's (ARII) $543M takeover bid earlier today, saying the offer "grossly undervalues the company."
    | Comment!
  • Dec. 19, 2012, 3:23 AM
    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)
    | Comment!
  • Dec. 18, 2012, 1:19 PM
    American 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
    American Railcar (ARII) offers to buy Greenbrier Companies (GBX) for $20 a share in a deal which values the company at close to $543M. The disclosure was made in a SEC filing by Carl Icahn's company. (13D)
    | Comment!
Visit Seeking Alpha's
ARII vs. ETF Alternatives
Company Description
American Railcar Industries Inc is a North American designer and manufacturer of hopper and tank railcars.
Sector: Services
Industry: Railroads
Country: United States