New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 17, 2013
17:39 EDTIEP, ARIIAmerican Railcar in purchase and engineering pact with ACF
American Railcar Industries (ARII) entered into a purchasing and engineering services agreement and license with ACF Industries, , a company controlled by Mr. Carl Icahn, the chairman of ARIís board of directors and, through Icahn Enterprises (IEP)., ARIís principal beneficial stockholder. The Agreement was unanimously approved by the independent directors of ARIís audit committee on the basis that the terms of the Agreement were not materially less favorable to ARI than those that could have been obtained in a comparable transaction with an unrelated person.
News For ARII;IEP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 25, 2014
16:50 EDTIEPIcahn says agreed to exchange $286M Taj Mahal debt for equity
In an open letter to Local 54 president Bob McDevitt, Carl Icahn commented on the Shareholders' Square Table website: "I also care about the Taj Mahal, and that is why I am doing everything I can to save the jobs of the 3,000 employees who work there. To that end, I am agreeing to exchange my $286M of outstanding debt for equity and, if the proper deal is reached with the City, State and Union, to invest an additional $100M in the Taj. In addition, even though the Judge observed that the Union did not bargain in good faith and ruled that the company could terminate the existing healthcare plan and pension, I have told the company that I will even go along with their proposal to restore Local 54 healthcare for two years and create a new pension, if Local 54 will withdraw its appeal and provide labor peace." Reference Link
November 14, 2014
17:01 EDTIEPIcahn Associates gives quarterly update on stakes
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use