Proficient Auto Logistics, Inc. (PAL) has issued an announcement.
PAL Stock Acquiror, Inc. and its subsidiary PAL Merger Sub, LLC are set to acquire Auto Transport Group (ATG), a provider of vehicle transportation services. The deal, which is expected to close by August 15, 2024, involves 76 tractors and trailers and includes non-compete clauses effective for five years post-closure. While financial details were not revealed, the agreement includes standard terms and will proceed pending customary closing conditions. The merger could be called off if not finalized by the end of August 2024.
Learn more about PAL stock on TipRanks’ Stock Analysis page.
