ST. CHARLES, Mo., Dec. 21, 2012 (GLOBE NEWSWIRE) -- American Railcar Industries, Inc. (and certain of its affiliates) (ARI or the Company) (Nasdaq:ARII) today filed Amendment Number 3 to the Schedule 13D filed by ARI on November 13, 2012. The Amendment reported that on December 21, 2012 ARI sold 1,786,334 shares of common stock of The Greenbrier Companies, Inc. at a price of $15.41 per share. The Amendment should have reported that the sales price per share was $16.30. All such sales of shares were effected in the open market on the NASDAQ Global Select Market.
ARI is a leading North American designer and manufacturer of hopper and tank railcars. ARI and its subsidiaries lease railcars manufactured by the Company to certain markets. In addition, ARI repairs and refurbishes railcars, provides fleet management services and designs and manufactures certain railcar and industrial components. ARI provides its railcar customers with integrated solutions through a comprehensive set of high quality products and related services. More information about American Railcar Industries, Inc. is available on its website at www.americanrailcar.com .Forward Looking Statement Disclaimer This press release contains statements relating to ARI's and its subsidiaries' expected financial performance and/or future business prospects, events and plans that are "forward-looking statements" as defined under the Private Securities Litigation Reform Act of 1995. Forward-looking statements represent the Company's estimates and assumptions only as of the date of this press release and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from the results described in or anticipated by ARI's forward-looking statements. The Company's Form 10-K, as amended by Form 10-K/A, for the year ended December 31, 2011, subsequent quarterly reports on Form 10-Q and other subsequent filings with the Securities and Exchange Commission identify important risks and other factors that could cause actual results to differ materially from those contained in the Company's projections, estimates and forward-looking statements. ARI expressly disclaims any duty to provide updates to any forward-looking statements made in this press release, whether as a result of new information, future events or otherwise.
CONTACT: Dale C. Davies Michael Obertop PHONE: 636.940.6000