BRIEF-Schneider’S Dedicated Momentum Continues To Build With Latest Acquisition Of Cowan Systems, Llc

Reuters
26 Nov 2024
BRIEF-Schneider’S Dedicated Momentum Continues To Build With Latest Acquisition Of Cowan Systems, Llc

Nov 25 (Reuters) - Schneider National Inc SNDR.N:

  • SCHNEIDER’S DEDICATED MOMENTUM CONTINUES TO BUILD WITH LATEST ACQUISITION OF COWAN SYSTEMS, LLC

  • SCHNEIDER NATIONAL: PROPOSED DEAL FOR CASH PURCHASE PRICE OF ABOUT $390 MILLION

  • SCHNEIDER NATIONAL: ACQUISITION EXPECTED TO BE ACCRETIVE TO CO'S EPS WITHIN FIRST YEAR, BEFORE CONSIDERATION OF ANTICIPATED SYNERGIES

  • SCHNEIDER NATIONAL: DEAL TO BE FINANCED THROUGH EXISTING CASH ON HAND & BORROWINGS UNDER CO'S NEW $400 MILLION DELAYED DRAW TERM CREDIT FACILITY

Source text: ID:nBw3grkJva

Further company coverage: SNDR.N

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