UBS and Bear Stearns to float Icahn's rail group

Tuesday 13 September 2005 at 16:00

Carl Icahn, the billionaire corporate raider, is to float American Railcar Industries, a US manufacturer of railroad products through UBS and Bear Stearns.

Icahn has been the principal stockholder and chairman of American Railcar Industries since 1994, according to an initial filing with the Securities and Exchange Commission.