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<< 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.

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