'Forwarders hope DSV will win DB Schenker'
They say…
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
Echo Global Logistics has been acquired by private equity firm The Jordan Company for an equity value of about $1.3bn. The move will see Echo, listed on Nasdaq, become private again. The transaction, expected to close in the fourth quarter, was unanimously approved by Echo’s board.
The Jordan Company also owns AIT, Capstone, Odyssey and Transimpact in the transport and logistics field and also has investments in consumer & healthcare and industrial companies.
You can read Echo’s press release here, or go over to Loadstar Premium for more details on the deal.
Comment on this article