Brief: Patriot Transportation Says Unit FRTL Entered "Stalking Horse" Asset Purchase Agreement With Certain Sellers
03/08/2020 16:15
Aug 3 (Reuters) - Patriot Transportation Holding Inc
PATI.O :
* PATRIOT TRANSPORTATION HOLDING - ON JULY 31, CO'S UNIT
FRTL
ENTERED INTO “STALKING HORSE” ASSET PURCHASE AGREEMENT WITH
CERTAIN SELLERS
* PATRIOT TRANSPORTATION HOLDING - FRTL AGREED TO PURCHASE
CERTAIN
ASSETS RELATING TO SELLERS’ TRANSPORTATION, LOGISTICS BUSINESS
FOR $4.08 MILLION
* PATRIOT TRANSPORTATION HOLDING - FRTL EXPECTS TO FUND
PURCHASE
PRICE WITH CASH ON HAND
Source text: (https://bit.ly/3gqvvz8)
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