Echo Global Logistics has announced that its stockholders approved the proposed merger of Echo and Einstein Merger Sub, a Delaware corporation and a wholly owned subsidiary of Einstein MidCo, a Delaware limited liability company and an affiliate of The Jordan Company, a global private equity firm.
Subject to the terms of the Merger Agreement, at the effective time of the merger, Merger Sub will merge with and into Echo, with Echo surviving the merger as a wholly owned subsidiary of Einstein MidCo.
The merger is expected to close on November 23, 2021.
Source: Echo Global Logistics
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