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Stock Market & Financial Investment News

News Breaks
December 19, 2012
05:13 EDTGBX, ARIIGreenbrier determines Icahn's proposal grossly undervalues the company
The Greenbrier Companies (GBX) disclosed that the company and its advisors have been engaged in discussions with Carl Icahn and his associates regarding an acquisition of Greenbrier by American Railcar Industries (ARII) or an acquisition of American Railcar by Greenbrier. While Icahn's 13D/A disclosed a conditional proposal to acquire Greenbrier for $20 per share in cash, the company noted that in previous conversations with Greenbrier, Icahn talked about an acquisition of Greenbrier at a price of between $20 and $22 per share in cash. The Greenbrier board believes a price range of $20-$22 per share is inadequate, grossly undervalues the company and is not in the best interests of Greenbrier stockholders.
News For GBX;ARII From The Last 14 Days
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January 27, 2016
08:49 EDTGBXGreenbrier could become takeover target, says KeyBanc
KeyBanc believes that M&A within the machinery sector could intensify. The firm identifies Greenbrier as the top potential target within the railcar sector, citing what it sees as the company's "solid backlog and balance sheet, as well as significant liquidity, solid dividend yield, and strong returns and free cash flow conversion." The firm says that Greenbrier's valuation has reached historic lows. It keeps a $40 price target and Overweight rating on the name. .

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