Wabash National Will Buy Walker Group for $360M

Wabash National Corporation

today announced that it has entered into a definitive agreement to acquire Walker Group Holdings LLC, a leading manufacturer of liquid-transportation systems and engineered products for $360 million. The all cash transaction is anticipated to be immediately accretive to the Company's net income and is expected to close in the second quarter, subject to regulatory approval.  Wabash has received committed financing from Morgan Stanley and Wells Fargo of up to $450 million to fund the purchase price and provide additional financial resources.