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Arkansas Best Corp. (ABFS) (ABFS), a trucking company, rose the most in almost six months after saying it will purchase Panther Expedited Services Inc. to expand its logistics and high-speed delivery businesses.
Arkansas Best climbed 6 percent to $11.62 at the close in New York, the biggest gain since Dec. 20. The Fort Smith, Arkansas-based company will acquire Panther from Fenway Partners LLC, a private-equity firm, for a transaction valued at about $180 million, it said in a statement today. .................
Arkansas Best Climbs Most Since December on Panther Purchase - Businessweek
Arkansas Best climbed 6 percent to $11.62 at the close in New York, the biggest gain since Dec. 20. The Fort Smith, Arkansas-based company will acquire Panther from Fenway Partners LLC, a private-equity firm, for a transaction valued at about $180 million, it said in a statement today. .................
Arkansas Best Climbs Most Since December on Panther Purchase - Businessweek