JOC Staff | Dec 18, 2012 10:40AM EST
American Railcar Industries, a railroad freight car manufacturing and repair company controlled by investor Carl Icahn, has offered to buy The Greenbrier Cos., another maker of railroad freight cars, for about $543 million, Reuters has reported.
American Railcar's offer of $20 per share represents a premium of 5.4 percent over Greenbrier's Monday close of $18.97 on the New York Stock Exchange. Greenbrier’s shares have risen 36 percent since Icahn reported a 9.99 percent stake in the company in November that made him its largest shareholder.
Icahn had attempted to merge the companies in 2008 but dropped that bid because of “unresolved issues.”
