American Commercial Lines (ACLI) Announces End of Period to Solicit Alternative Merger Offers
American Commercial Lines Inc. (NASDAQ: ACLI) announced Monday the end of the 40-day "go-shop" period provided for in the previously announced merger agreement with an affiliate of Platinum Equity, LLC.
The company said in the period ended Sunday saw a broad solicitation of potentially interested parties but did not result in any alternative offers.
ACL has scheduled a special meeting of stockholders for December 14, 2010 to consider approval of the Merger and expects the transaction to close by the end of December 2010.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
The company said in the period ended Sunday saw a broad solicitation of potentially interested parties but did not result in any alternative offers.
ACL has scheduled a special meeting of stockholders for December 14, 2010 to consider approval of the Merger and expects the transaction to close by the end of December 2010.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
You May Also Be Interested In
- Dow Chemical (DOW) Wins $2.16B in K-Dow Arbitration
- Hill International (HIL) Receives $16.1 Million Contract From LA County Metro Transportation Authority
- Mylan Inc. (MYL) Settles Patent Litigation with Sunovion Pharmaceuticals
Create E-mail Alert Related Categories
Corporate NewsRelated Entities
American Commercial Lines Inc./Platinum EquitySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
