Echo Global Logistics
5/5/2015 4:00:00 PM
On April 29, 2015, Echo Global Logistics, Inc. (NASDAQ: ECHO) priced a follow-on offering for gross proceeds of $145.0 million.
The deal priced 5,000,000 common shares at $29.00 per share.
Shares were 100% primary.
The Company intends to use the net proceeds of the offering to fund a portion of the purchase price of the previously announced pending acquisition of Command Transportation, LLC.
The last reported sale price of the Company’s stock on the NASDAQ on April 28, 2015 was $30.18 per share.
Stephens Inc. served as Co-Manager in the offering.