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Jim Crane, Centerbridge Partners, L.P. and The Woodbridge Company Limited Propose to Take EGL, Inc. Private at $36 Per Share.

Publication: PR Newswire
Publication Date: 28-FEB-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
HOUSTON, Feb. 28 /PRNewswire-FirstCall/ -- Jim Crane, the Chairman and CEO of EGL, Inc. , today announced that he, together with investment firms Centerbridge Partners, L.P. and The Woodbridge Company Limited, as well as members of senior management, has submitted a proposal to acquire all of the outstanding common stock of EGL, Inc. at a price of $36 per share in cash. This proposal provides shareholders the same consideration offered in Crane's proposal to acquire the Company made on January 2, 2007, which constituted a 21% premium over...

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