PR: Roadrunner announces planned separation of Ascent Global Logistics

Sourced from Cision PR Newswire:

DOWNERS GROVE, Ill., July 27, 2020 /PRNewswire/ ? Roadrunner Transportation Systems, Inc. (“Roadrunner” or the “company”) (Pink: RRTS) today announced that the company intends to effectuate a spin-off of Ascent Global Logistics as a stock dividend to its stockholders. The proposed spin-off remains subject to final approval by Roadrunner’s Board of Directors, and certain tax and legal considerations. The proposed spin-off, which is expected to be completed in August 2020, would create two independent companies: Roadrunner Transportation Systems, Inc. ...