Roadrunner Transportation Systems, Inc. (NYSE:RRTS), a leading asset-light transportation and logistics services provider, announced it has closed the merger with Prime Logistics Corporation ("Prime") and related financing. Originally announced on August 23, consideration for the acquisition was approximately $97.5 million, consisting of $94.5 million in cash and $3.0 million in stock. To finance the transaction, Roadrunner expanded its credit facility to $240 million.
Roadrunner Transportation Systems, Inc. operates as a non-asset based transportation and logistics Service Company.
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(RRTS, CRWE, CHN, ALK) Stock Updates by CRWEWallStreet.com
September 10th, 2011 at 01:29 pm