Leucadia asked for more time to consider a merger.
- Share via
GATX Corp. officials said they were “astounded” that Leucadia National failed to come through on a definitive merger agreement and gave no assurance that they would grant a seven-day extension sought by the New York holding company. The New York-based investment firm had made a cash offer late last month of $544.8 million, or $40 a share, for GATX, one of the nation’s largest aircraft and rail-car lessors. It appeared that Leucadia had won a bidding war when GATX directors agreed to that offer and set a midnight Tuesday deadline to sign the definitive agreement.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.