By Lisa Kerner
Charlotte, N.C., Jan. 2 - General Atlantic LLC and its largest shareholder, chief executive officer and chairman James R. Crane, plan to acquire and make private EGL, Inc. for $36 per share in a proposed cash transaction.
EGL's board of directors is reviewing General Atlantic's proposal through a special committee and independent legal counsel, along with financial advisers, according to a news release.
Houston-based EGL is a global transportation, supply chain management and information services company operating as EGL Eagle Global Logistics.
General Atlantic is a private equity firm with offices in Greenwich, Conn., and worldwide.
| Acquirer: | General Atlantic LLC
|
| Target: | EGL, Inc.
|
| Payment per share: | $36.00
|
| Announcement date: | Jan. 2
|
| Expected closing: | To be determined
|
| Stock price for target: | Nasdaq: EAGL: $29.78 on Dec. 29
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
