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American Railcar shares rise 17% on merger talk

Bloomberg News is reporting that billionaire investor Carl Icahn has proposed that Greenbrier Cos., the biggest U.S. railroad-flatcar maker, hold talks on a possible tie-up with his American Railcar Industries Inc., which is based in St. Charles.

Icahn, American Railcar’s majority holder, didn’t make an offer or suggest the structure of any combination, according to a U.S. regulatory filing today. He bought a 9.5 percent stake in Lake Oswego, Oregon-based Greenbrier, the filing showed.

Greenbrier jumped $4.19, or 20 percent, to $24.95 at 12:20 p.m payday loans. in New York Stock Exchange composite trading. Earlier, the shares touched $25.73 for the biggest intraday gain since the shares began trading in July 1994. American Railcar jumped $3, or 17 percent, to $20.68 in Nasdaq Stock Market composite trading. It went public in 2006.

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Dieser Beitrag wurde am Tuesday, 05. February 2008 um 11:04 Uhr veröffentlicht und wurde unter der Kategorie term abgelegt. Du kannst die Kommentare zu diesen Eintrag durch den RSS-Feed verfolgen.

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