Air Freight & Courier Services

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Discovery Air Inc. will expand service capability through acquisition of the assets of Discovery Air Technical Services

Monday, 22 Jun 2015 07:55am EDT

Discovery Air Inc:Says Premier aviation will expand service capability through acquisition of the assets of Discovery Air technical services.Asset purchase will add capacity to premier's current 700,000 sq. ft. of hangar and back shop space.

Shreyas Shipping And Logistics Ltd announces signing of MOU

Thursday, 18 Jun 2015 12:54am EDT

Shreyas Shipping And Logistics Ltd:Says that the company has signed a memorandum of understanding (MOU) for acquisition of one container vessel M. V. Oel Bharat.Says the size of the vessel is 2959 teus and the is price of the vessel is 7 mio.

Echo Global Logistics Inc completes acquisition of Command Transportation

Monday, 1 Jun 2015 05:23pm EDT

Echo Global Logistics Inc:Completes previously announced acquisition of Command Transportation LLC.Command now operates as a wholly owned subsidiary of Echo.

Kintetsu World Express completes acquisition of APL Logistics from Neptune Orient Lines

Friday, 29 May 2015 05:15am EDT

Kintetsu World Express inc:Completes acquisition of 100 pct stake in APL Logistics Ltd, from Neptune Orient Lines for 149,189 mln yen.

Panalpina WeltTransport Holding AG acquires Afifi

Friday, 29 May 2015 04:00am EDT

Panalpina WeltTransport Holding AG:Says to acquire its Egyptian agent Afifi, a respected family-owned company specializing in freight forwarding, customs clearance and logistics.Says the move is an important step in Panalpina's continued strategic expansion in growth economies, in particular in the Middle East and Africa.Says Afifi has been Panalpina's agent in Egypt for the last 20 years.

DX (Group) plc Proposes site purchase for major new hub

Thursday, 28 May 2015 02:01am EDT

DX (Group) plc:Proposed development of a major new hub having reached agreement for the purchase of a 44 acre site in the West Midlands.Says the estimated capital investment required for this major project is approximately £35 million, including the site purchase.Says it is anticipated that it will be funded from the Company's existing cash resources and debt facilities.

VEI Capital to launch takeover bid for Mid Industry Capital

Thursday, 21 May 2015 08:00pm EDT

Mid Industry Capital SpA:VEI Capital, controlled by Palladio Finanziaria, to launch public tender offer for Mid Industry Capital at 6.5 euros per share plus right to extra cash payment extra cash payment in Mid Industry takeover bid could be 0.92 euros per share.Offer is not aimed at delisting Mid Industry.

Eimskipafelag Islands acquires all shares in Seatours

Sunday, 3 May 2015 08:00pm EDT

Eimskipafelag Islands hf:Says has acquired all shares in Seatours (Saeferdir ehf.) in Stykkisholmur, Iceland.Acquisition is subject to approval of the Icelandic Competition Authority.Seatours offers sea-related tourist services and operates the boats Baldur and Saerun in Breidafjordur.Seatours total revenue in 2014 amounted to 560 million Icelandic crowns, corresponding to 3.6 million euros.

Echo Global Logistics to acquire Command Transportation

Tuesday, 21 Apr 2015 07:01am EDT

Echo Global Logistics Inc:Says it has entered into a definitive agreement to acquire Command Transportation, LLC, privately held truckload brokers and non-asset based transportation providers in the United States.Will acquire all of the outstanding membership units of Command for about $420 million, subject to post-closing adjustments for working capital and cash.$25 million of the purchase price will be paid in the form of Echo common and restricted stock.Echo has obtained commitments from Morgan Stanley, Credit Suisse and PNC of up to $500 million to fund the purchase price of the transaction and for general corporate purposes.Following the transaction, Command will be a wholly owned subsidiary of Echo, and the combined company will be called Echo.Upon completion of the transaction, Doug Waggoner will continue as Chief Executive Officer of Echo.The transaction is expected to close in the second quarter of 2015.Morgan Stanley & Co. LLC is serving as financial advisor to Echo and Winston & Strawn LLP is serving as its legal advisor.Much Shelist, P.C. is serving as Command's legal advisor.

Fedex Corp and TNT Express agree on recommended all-cash public offer for all TNT Express shares

Tuesday, 7 Apr 2015 01:00am EDT

FedEx Corp and TNT Express NV:Fedex and TNT Express agree on recommended all-cash public offer for all TNT Express shares.Says transaction represents an implied equity value for TNT Express of EUR4.4 billion ($4.8 billion).Says TNT Express' airline operations will be divested, in compliance with applicable airline ownership regulations.Says European regional headquarters will be in Amsterdam/Hoofddorp.Says reached conditional agreement on recommended all-cash public offer of EUR8.00 per ordinary TNT Express share.Says transaction unanimously recommended and supported by TNT express' executive board and supervisory board.Says Fedex intends to finance offer by utilizing available cash resources and through existing and new debt arrangements.Anticipates offer will close in first half of calendar year 2016.After completion of offer, TNT Express supervisory board will be composed of three new members selected by Fedex Says postnl n.v., holder of about 14.7 percent of outstanding shares of TNT Express has committed to tender its shares under offer.Fedex's financial advisor is J.P. Morgan securities LLC and its legal advisors are Nautadutilh N.V. and Baker & Mckenzie.On behalf of TNT Express Goldman Sachs International and Lazard are acting as financial advisors and Allen & Overy LLP is legal advisor.Says on termination of merger due to breach of protocol by TNT Express, TNT will forfeit a gross EUR45 million termination fee to Fedex.

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