Article in today’s - Mon., 22 Nov. 2010 - Wall Street Journal, bottom of page C3, cols. 1-3, titled “AIG Shops Rail-Car Arm To Private Equity, Others” by Serena Ng and Anupreeta Das, which is also at the following link:
http://online.wsj.com/article/SB10001424052748704444304575628353167651216.html
Key points - over 10,000 cars, book value of approx. $660 million [$66,000 per car average - PDN], newer and better quality than some rivals, but there’s no attempt to sell it to “strategic buyers”, such as GATX, First Union Rail Corp., Greenbrier Cos., etc.
- Paul North.