Echo Global being acquired by private equity firm Jordan Co. - NewsBreak
By Hernandez in Business
Updated 3 years ago
It looks like Wall Street was undervaluing Echo Global Logistics. In a deal announced Friday morning, the private equity firm Jordan Co., which has 3PL experience in an earlier ownership of GlobalTranz, said it was acquiring Echo for $48.25 per share. That is a roughly 54% premium over the closing...