M&A radar: Expeditors, the 'Agility' nobody could get (yet)
Reasonable. Totally understandable. Yet beware the snake from Seattle.
As an old saying goes, when it rains it pours.
Jeff Musser, president and CEO of US-based 3PL Expeditors, on 13 November sold 120,000 shares at a weighted average price of $89.34, it emerged this week.
The total implied transaction value was $10.72m (click here for more).
The company said in a Form 4 filing that:
“These shares were sold in multiple transactions at prices ranging from $89.00 to $90.05, inclusive. The reporting person undertakes to provide to any security holder of Expeditors or to the ...