Market Overview

From Earlier: Quality Distribution to Acquire Wylie Bice Trucking and RM Resources for $79.3M

Quality Distribution, Inc (Nasdaq: QLTY) yesterday announced that certain of its wholly-owned subsidiaries have entered into definitive agreements to acquire the operating assets of Wylie Bice Trucking, LLC and the operating assets and rights of RM Resources, LLC for an aggregate purchase price of $79.3 million, plus potential additional consideration of $19.0 million, if certain future operating and financial performance criteria are satisfied.

The transactions are expected to close by the end of the second quarter, subject to customary closing conditions.

Posted-In: News M&A

 

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