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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
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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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