Jevic Transportation Inc. has entered an agreement under which Yellow Corp. will commence a tender offer to acquire all shares of Jevic stock at a cash price of $14 per share.
When this is completed, Jevic will become part of Yellow Corp. and existing Yellow Corp. debt facilities. This could be completed by the third quarter.
Jevic is a fully integrated regional and inter-regional less-than-truckload and partial truckload carrier of general commodity freight in the United States.
The merger agreement is subject to termination by Jevic if it receives a better offer.
"Joining a group of excellent regional companies is an exciting opportunity for Jevic," says Harry Muhlschlegel, who will remain as chief executive officer of Jevic.
Lombardi is a leader in business process management (BPM). We offer award-winning BPM technology and services to help our customers, partners and government agencies around the world succeed with their process improvement initiatives. Our products...
more
EMC Corporation is the world's leading developer and provider of information infrastructure technology and solutions for industries worldwide. EMC creates complete information environments that are reliable, efficient, and secure. The result is...
more
GDM specializes in global trade data, and helps provide global trade data and enterprise-wide data solutions to help importers and exporters around the world optimize & automate global trade processes.Working closely with the Content Specialists of...
more
e-Waste, is an end-of-life, technology asset management company that assists clients in the disposal of their technology in a safe, secure and responsible manner. e-Waste has the depth of experience and breadth of capabilities to effectively...
more
Are you struggling to develop a world-class purchasing team capable of achieving greater results? The PASS (Purchasing's Assessment of Skills for Success) Program from Next Level Purchasing helps organizations benchmark the skills of their...
more
Now Playing: 