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Icahn reports 9.99% stake in Greenbrier, says shares undervalued

Carl Icahn disclosed in a regulatory filing that he acquired a 9.99% stake in Greenbrier (GBX) with the belief that the stock is undervalued. Icahn said he informed Greenbrier that he intends to have further discussions with the company, "possibly relating to strategic opportunities." Icahn's stake represents 2.71M shares of Greenbrier.