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ArcBest Corporation (ARCB)

- NASDAQ
  • Jun. 14, 2012, 10:07 AM
    Arkansas Best (ABFS -1.7%) agrees to acquire logistics company Panther Expedited Services from P-E firm Fenway Partners for $180M, including debt. Arkansas Best will pay for the purchase, which will add to its earnings in Q3, with cash of $80M and a five-year $100M senior secured term loan. (PR)
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Company Description
ArcBest Corp is a holding company, which through its subsidiaries provides freight transportation services and solutions.
Sector: Services
Industry: Trucking
Country: United States