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Global Railway Industries Ltd. is a diversified rail product company serving the railway industry in North America.

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Message: The Q2 results MD+A filing also says "takeover interest..."

Also from the same MD+A:

Special Committee

During the second quarter of 2009, the Company received an unsolicited expression of interest from a third party. As a result, the Company’s Board of Directors established a Special Committee of the Board to consider and evaluate the Company’s strategic options. These options include the sale of the Company to a private equity or strategic investor, or the sale of one or more of the Company’s subsidiaries. The Special Committee has not completed its evaluation of the options available to the Company to maximize shareholder value.

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