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Article: USFreightways To Acquire Golden Eagle Group.
- Article from:
- Business Wire
- Article date:
- September 23, 1998
CopyrightCOPYRIGHT 1998 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ROSEMONT, Ill.--(BUSINESS WIRE)--Sept. 22, 1998--USFreightways Corporation (NASDAQ: USFC) announced today that it has signed an agreement to acquire all of the issued and outstanding shares of Golden Eagle Group, Inc. (NASDAQ: GEGP) for $4.45 a share. When the transaction is completed, the operations of the company will be merged with those of USF Seko Worldwide, a subsidiary of USFreightways. The transaction is subject to regulatory and shareholder approval and is expected to close in the fourth quarter.
Golden Eagle provides logistics services and international air and ocean freight forwarding for shipments between the United States and Europe, the Middle East ...
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