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Stock Market & Financial Investment News

News Breaks
February 28, 2013
17:06 EDTGBX, TKRGreenbrier sells wheelset roller bearing reconditioning business to Timken
The Greenbrier Companies (GBX) announced it has entered an asset purchase agreement with The Timken Company (TKR) for sale of substantially all the equipment utilized in Greenbrier's reconditioned wheelset roller bearing operations in Elizabethtown, Kentucky. Concurrent with the sale, Greenbrier will enter into a long-term supply agreement with Timken for reconditioned and new bearings. The companies did not disclose the asset purchase price. Closing of the transaction is expected before the conclusion of Greenbrier's Q3 ending May 31.
News For GBX;TKR From The Last 14 Days
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October 16, 2014
15:07 EDTTKRTimken, others interested in Emerson power transmission unit, Reuters says
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October 14, 2014
06:17 EDTGBXGreenbrier conducting investigation into whistleblower claim
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October 10, 2014
07:41 EDTGBXRail supply names should be bought on recent weakness, says Wells Fargo
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06:46 EDTGBXGreenbrier recent weakness overdone, says BofA/Merrill
BofA/Merrill said recent weakness and concerns for Greenbrier are overdone. The firm sees no threat from regulatory changes and said recent orders are strong. Shares are Buy rated.
October 9, 2014
17:46 EDTGBXGreenbrier urges prompt regulatory action to require safer tank cars
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