Corporate Acquisitions

Dynamex gets higher buyout offer of $23.50 a share

Forbes |

In Brief...

Same-day courier service Dynamex Inc. said Tuesday that it had received what it considered a " The offer is higher than the $21.25 per share that an affiliate of Greenbriar Equity Group LLC , DashNow Holding Corp., had proposed, and which Dynamex ( DDMX - news - people ) accepted last month.. Dynamex said if Greenbriar does not adjust the terms of its proposal within four business days, it will have to cancel its deal with Greenbriar, pay it a $6.3 million termination fee, and agree to be acquired by the excluded party.. Dynamex shares jumped $2.38, or 11.3 percent, to $23.50 in after-hours trading, after closing up 3 cents at $21.12 on Tuesday..

Read the entire article at Forbes...

Related Topics