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Icahn buys stake in Greenbrier

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Must Reads
Tuesday, November 13, 2012

Carl Icahn is among a group of investors who have taken a 10% stake in Lake Oswego-based railcar maker Greenbrier.

According to a filing with the U.S. Securities and Exchange Commission, the investor group owns about 2.7 million shares of Greenbrier. As of Oct. 24, Greenbrier had about 27.1 million shares outstanding.

Greenbrier struggled during the recession as its backlog and new railcar deliveries dropped, leading the company to post a number of losses during the downturn. Greenbrier's orders have increased in recent quarters, however, benefiting from the diversion of truck traffic to rail and the growing need to transport oil from U.S. shale fields.

Read more at The Wall Street Journal.

{biztweet}icahn greenbrier{/biztweet}

 

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