Deals
Icahn Seen Completing First Takeover Since 2010: Real M&A
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Carl Icahn, the activist investor who offered to buy railcar maker Greenbrier Cos., is on the verge of completing his first full takeover in two years -- at least if the stock market is any guide.
Icahn hasn’t succeeded in buying an entire company since 2010, with bids for Clorox Co., Dynegy Inc. and others falling through, according to data compiled by Bloomberg. Traders are signaling Icahn may have better luck with Greenbrier after the Lake Oswego, Oregon-based company yesterday closed 37 cents above the $20-a-share cash offer from his American Railcar Industries Inc., showing expectations a transaction will get done at that price or higher.