Echo Global Logistics (ECHO) Reports In-Line Q1 EPS
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April 21, 2015 2:00 PM EDT
Stifel upgraded Echo Global Logistics (NASDAQ: ECHO) from Sell to Hold.
For an analyst ratings summary and ratings history on Echo Global Logistics click here. For more ratings news on Echo Global Logistics click here.
Shares of Echo Global Logistics closed at $25.39 yesterday.
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April 21, 2015 7:02 AM EDT
Echo Global Logistics (NASDAQ: ECHO) announced that it has entered into a definitive agreement to acquire Command Transportation, LLC ("Command"), one of the largest privately held truckload ("TL") brokers and non-asset based transportation providers in the United States. Echo will acquire all of the outstanding membership units of Command for approximately $420 million, subject to post-closing adjustments for working capital and cash. $25 million of the purchase price will be paid in the form of Echo common and restricted stock. Command had 2014 revenue of $561 million and ranked #8 on Transport Topics' Top 25 Brokerages in 2015. Command is... More
April 21, 2015 6:59 AM EDT
Echo Global Logistics (NASDAQ: ECHO) halted with news pending.
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