Business

Market Movers

Railcar maker soars on stake

According to an SEC filing, Carl Icahn and the investor group own about 2.7 million Greenbrier shares.
Chip East/Reuters/File 2012
According to an SEC filing, Carl Icahn and the investor group own about 2.7 million Greenbrier shares.
Advertisement

Activist investor Carl Icahn is among a group of investors who have taken a 10 percent stake in Greenbrier Cos., calling the railcar maker’s shares “undervalued.” According to an SEC filing, the group may have talks relating to “strategic opportunities” with the company. Greenbrier struggled during the recession but orders have increased in recent quarters.