Greenbrier (GBX) Soars As Icahn Scoops Up Shares, Recommends Merger With American Railcar (RAIL)
Icahn disclosed the stake in a 13D filing through Longtrain, which is wholly owned by American Railcar. Mr. Icahn beneficially owns approximately 53.7% of the common stock of American Railcar.The filing showed Longtrain was an aggressive buyer of Greenbrier in January, buying the full 1,530,000 share position from 1/08-1/25 at prices from $17.60 to $19.54 per share.
Shares of American Railcar are up 14%.
Greenbrier has yet to comment on the filing.