The Greenbrier Companies, Inc. (NYSE:GBX) acquired a repair facility in Poland in the quarter ending Febraury 28, 2013.

Timken Co. (NYSE:TKR) entered in an asset purchase agreement to acquire Roller Bearing Industries, Inc. from The Greenbrier Companies, Inc. (NYSE:GBX) on February 28, 2013. Concurrent with the sale, Greenbrier will enter into a long-term supply agreement with Timken for reconditioned and new bearings. To complete the asset purchase transaction, Greenbrier and Timken will complete a transition plan over the course of Greenbrier's fiscal third quarter. This will include ... preparing equipment and remaining inventory for transfer to Timken facilities. The land and buildings owned by Greenbrier at Elizabethtown are not included in the asset purchase agreement and will be listed for sale by Greenbrier after completion of the transition plan. The transaction is expected to be completed before May 31, 2013.
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ARI Longtrain Inc. offered to acquire the remaining 90% stake in The Greenbrier Companies, Inc. (NYSE:GBX) from Keeley Asset Management Corp. and others for approximately $490 million in cash on December 17, 2012. The offer per share is $20. The transaction is subject to the successful completion of due diligence at Greenbrier. On December 19, 2012, Greenbrier’s Board rejected the offer and determined that it grossly undervalues the company and is not in the best interests ... of Greenbrier stockholders. On December 19, 2012, ARI Longtrain Inc. made a revised offer to acquire the remaining 90% stake in The Greenbrier Companies, Inc. (NYSE:GBX) from Keeley Asset Management Corp. and others for approximately $540 million. The revised offer per share is $22. The proposal will remain open until December 21, 2012. As on December 20, 2012, Greenbrier’s Board rejected the offer stating that it is not in best interests of Greenbrier stockholders. Goldman, Sachs & Co. and Bank of America Merrill Lynch acted as the financial advisors and Kenton J. King and Amr Razzak of Skadden, Arps, Slate, Meagher & Flom LLP and Tonkon Torp LLP acted as the legal advisors for The Greenbrier Companies, Inc.
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