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The Deal on deck: EGL to go private

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Published March 19, 2007 at 9:43 AM
After one aborted buyout, a new set of backers and a revised bid, logistics company EGL Inc. agreed Monday to go private in a $1.7 billion buyout.

Under their revised offer, a consortium of Centerbridge Partners LP, Woodbridge Company Ltd. and EGL CEO James Crane would pay $38 per share, up from the $36 they offered Feb. 28. It values the company’s equity at about $1.55 billion. The company had about $157 million in long-term debt as of Dec. 31.

Full coverage coming soon on TheDeal.com and in The Daily Deal.

Related story: EGL chief tries again

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