Reuters logo
18 天内
BRIEF-Heartland Express acquires Interstate Distributor Co
2017年7月6日 / 下午12点53分 / 18 天内

BRIEF-Heartland Express acquires Interstate Distributor Co

1 分钟阅读

July 6 (Reuters) - Heartland Express Inc:

* Heartland Express acquires interstate distributor co.

* Heartland Express Inc - transaction enterprise value of approximately $113 million

* Heartland Express Inc - heartland acquired 100pct of IDC's outstanding stock from Saltchuk for cash.

* Heartland Express Inc - heartland expects to pay off all of IDC's debt after deal closing.

* Heartland Express Inc - transaction was funded through $94 million of heartland's existing cash, plus assumption of approximately $23 million of IDC's debt

* Heartland Express Inc - based on expected synergies, transaction is expected to be accretive to heartland's earnings in first full quarter of operations

* Heartland Express Inc - acquired 100pct of outstanding stock of Interstate Distributer Co Of Tacoma, Washington from Saltchuk Resources Inc Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below