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Stock Market & Financial Investment News

News Breaks
August 11, 2014
06:02 EDTRRTSRoadrunner to acquire Active Aero Group
Roadrunner announced that it has entered into a definitive merger agreement to acquire Active Aero Group. Active Aero is a supply-chain solutions provider focused on transportation logistics for customers with sensitive or time-critical freight, principally in the United States and Mexico. The total purchase price is approximately $115M in cash and will be funded with borrowings under Roadrunner’s credit facility. The transaction is expected to close by the end of Roadrunner’s 2014 third quarter, subject to customary closing conditions. Active Aero generated total revenues of approximately $265M for the last twelve months ended June 30, 2014 and is expected to be accretive to earnings beginning in the fourth quarter of 2014. Assuming the transaction closes in the third quarter of 2014 as anticipated, transaction costs will impact Roadrunner’s 2014 third quarter earnings per share by approximately two cents.
News For RRTS From The Last 14 Days
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September 25, 2014
06:49 EDTRRTSRoadrunner estimates lowered at RW Baird
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