Source: Railway Age Magazine

ARI: Cal Icahn knows rail investing

Financial Edge, December 2018 Railway Age: On Oct. 22, American Railcar Industries Inc. (ARI) announced that it was being acquired by a subsidiary of ITE Rail Fund L.P. (ITE). The acquisition price was $70 per share, for a total purchase price (including debt) of $1.7 billion. That price represented a 51% premium to the previous day's close (Oct. 19) of $46.29 per share. As ITE is privately held, ARI will become a private company at acquisition.The post Cal Icahn knows rail investing appeared first on Railway Age.

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Est. Annual Revenue
$500M-1.0B
Est. Employees
1.0-5.0K
John O’ Bryan's photo - President & CEO of American Railcar Industries, Inc.

President & CEO

John O’ Bryan

CEO Approval Rating

80/100

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