Progressive Railroading
TRENDING





RAIL EMPLOYMENT

Newsletter Sign Up
Stay updated on news, articles and information for the rail industry


All fields are required.





<< Rail News Home: Mechanical

12/2/2004    Freight News



Rail News: Mechanical

Thrall Investment to sell some Trinity Industries stock obtained in 2001 merger deal




Yesterday, Trinity Industries Inc. announced Thrall Investment Co. intends to offer 4 million shares of Trinity common stock in a public offering.

In late 2001, Trinity — which builds and leases rail cars — acquired Thrall Car Manufacturing Co. from Thrall Investment owner Duchossois Industries Inc for cash and 7.1 million shares of Trinity common stock, which are held by the investment firm. The shares to be sold are part of those issued in the merger transaction.

Goldman, Sachs & Co. is serving as the offering's sole underwriter.




Contact Progressive Railroading editorial staff.