22.10.2018 13:17:55
|
Icahn Enterprises Agrees To Sell American Railcar For $1.75 Bln - Quick Facts
(RTTNews) - Icahn Enterprises LP (IEP) announced Monday that its majority-owned subsidiary, American Railcar Industries, Inc. agreed to merge with a wholly-owned subsidiary of ITE Rail Fund L.P., managed by ITE Management L.P., at a price of $70.00 per share, which is 51% above the October 19, 2018 closing price of $46.29.
The transaction is valued at about $1.75 billion (including ARI's net indebtedness), which is a great result for all ARI shareholders.
Icahn Enterprises first acquired its majority interest in ARI in 2010. With this transaction, IEP's investment in ARI has generated a total return of 423%, for a profit of about $757.2 million.
The transaction is expected to close in the fourth quarter of 2018, subject to termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and other customary closing conditions. The transaction is not subject to any further due diligence or any financing conditions.

Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Nachrichten zu Icahn Enterprisesmehr Nachrichten
25.02.25 |
Ausblick: Icahn Enterprises stellt Quartalsergebnis zum abgelaufenen Jahresviertel vor (finanzen.net) | |
07.11.24 |
Ausblick: Icahn Enterprises mit Zahlen zum abgelaufenen Quartal (finanzen.net) |
Analysen zu Icahn Enterprisesmehr Analysen
Aktien in diesem Artikel
Icahn Enterprises | 9,64 | 1,47% |
|