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Stock Market & Financial Investment News

News Breaks
December 19, 2012
16:00 EDTGBX, ARIIAmerican Railcar issues open letter to Greenbrier, raises offer to $22 per share
In an open letter to Greenbrier's (GBX) CEO, William A. Furman, American Railcar (ARII) wrote that the board is confused regarding Greenbrier's press release, stating that American Railcar's offer of $20.00 per share "grossly undervalues" Greenbrier. American Railcar strongly disagrees with Greenbrier's assertion; citing that on the day prior to the disclosure of American Railcar's ownership interest in Greenbrier, the company's stock closed at $13.95 per share. Moreover in the company's last earnings release, Greenbrier disclosed that FY13 railcar deliveries are forecasted to decline by 13% to 23% from 2012 levels and Greenbrier's stock price declined by 23% during the days following the release. As such, American Railcar Railcar is willing to acquire Greenbrier at a price of $22.00 per share, payable in cash, in a negotiated transaction. The offer price represents a 57% premium to the closing price of Greenbrier's stock on the day before American Railcar disclosed its ownership interest in the company and a 46% premium to the volume weighted average price of Greenbrier stock during the 30 trading day period prior to such date. American Railcar's offer represents full value for Greenbrier and will not be increased under any circumstances.
News For ARII;GBX From The Last 14 Days
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December 11, 2014
07:30 EDTGBXDA Davidson to hold a conference
6th Annual Aerospace & Industrials 1:1 Conference is being held in Boston on December 11.
December 8, 2014
06:09 EDTGBXGreenbrier announces orders for 14,100 railcars valued at $1.24B
Greenbrier announced that it received new orders in its first quarter ended November 30 for 14,100 railcar units valued at $1.24B. Orders for the quarter include small-cube covered hopper cars for sand and cement transportation, boxcars, double-stack intermodal units, automobile carrying cars, gondolas and tank cars, both for crude oil and other commodity types. The average selling price for the orders reflects the diversity of railcar types ordered.

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