Brief: Roadrunner Announces Sale Of Its Intermodal Business To Universal Logistics Holdings

Universal Logistics Holdings (Nevada)

05/11/2019 17:07

Nov 5 (Reuters) - Roadrunner Transportation Systems Inc
 RRTS.N :
    * ROADRUNNER ANNOUNCES SALE OF ITS INTERMODAL BUSINESS TO
UNIVERSAL LOGISTICS HOLDINGS INC
    * ROADRUNNER TRANSPORTATION SYSTEMS INC - DEAL FOR FOR
$51.25
MILLION IN CASH
    * ROADRUNNER TRANSPORTATION SYSTEMS - USED SALE PROCEEDS TO
REPAY
FINANCE LEASES, DEBT ASSOCIATED WITH ROADRUNNER INTERMODAL
SERVICES & PAY TRANSACTION COSTS
    * ROADRUNNER TRANSPORTATION SYSTEMS - INTERMODAL BUSINESS
HAD
REVENUE OF ABOUT $125 MILLION FOR TRAILING 12 MONTHS ENDED SEPT.
30

Source text for Eikon:  ID:nBw9pGCqRa 
Further company coverage:  RRTS.N 

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