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CEVA Logistics increases proposal to acquire EGL for $2 billion in cash
Posted: May 24th, 2007, 12:17am by Paul Denneman
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CEVA Logistics, an Apollo Management VI, L.P. portfolio company, today announced that it has submitted an increased proposal to the Special Committee of the Board of Directors of EGL, Inc. (NASDAQ: EAGL) to acquire EGL for approximately $2 billion, or $47.50 per share, in cash.