New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 21, 2012
05:24 EDTARII, GBXGreenbrier rejects $22 per share proposal from American Railcar, Carl Icahn
The Greenbrier Companies, reaffirmed that American Railcar Industries conditional proposal to acquire the Company for $22 per share is unacceptable and not in the best interests of Greenbrier stockholders. Greenbrier also refuted the characterization of events and discussions described in the letter from American Railcar to Greenbrier dated December 19. Although representatives of the two companies and Greenbrier's advisers have held discussions on numerous occasions since November, at no point during these discussions did representatives of Greenbrier or its advisers invite or encourage American Railcar to make an offer to acquire Greenbrier for a price in the range of $20-$22 per share. To the contrary, Greenbrier has made clear to Icahn and his representatives that a price range of $20-$22 per share would not be acceptable to the company.
News For GBX;ARII From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 7, 2015
06:12 EDTGBXGreenbrier announces order from Saudi Railway Company for 1,200 railcars
Greenbrier announced that it received an order in Q4 from the government-owned Saudi Railway Company, or SAR, for approximately 1,200 railroad tank cars. Three types of tank cars will support industrial mining operations - led by the national mining company, Ma'aden - at Wa'ad al Shamal Industrial City in the Sirhan-Turaif region of northern Saudi Arabia. The tank cars will facilitate rail transportation of molten sulfur and phosphoric acid, products that are used in a range of industrial activities. Greenbrier will build the tank cars for SAR under U.S. supervision and management at its wholly-owned Wagony Swidnica subsidiary in Swidnica, Poland. Track dimensions in Saudi Arabia are identical to those in the United States, and the tank cars will be built to U.S. standards on production lines certified by the Association of American Railroads. Delivery of the first tank cars to SAR will begin in the second half of calendar year 2016, and will be completed in 2017 and 2018, depending on car type.
06:11 EDTGBXGreenbrier announces orders for 2,900 railcars valued at $470M
Subscribe for More Information
06:09 EDTGBXGreenbrier expects to exceed FY15 EPS view of $5.70-$5.85, consensus $5.79
Greenbrier announced that it expects to exceed previously provided diluted EPS guidance of $5.70-$5.85, excluding non-recurring costs in Q3 of 16c per share, for FY15. These higher expectations are principally driven by increased margins in the company's manufacturing segment, which includes lease syndications and a lower than anticipated tax rate related to geographic mix of earnings.
October 1, 2015
09:36 EDTARII, GBXRailcar sector downgraded to Negative from Mixed at OTR Global
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 disclaimer & terms of use