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BRIEF-Schneider'S Dedicated Momentum Continues To Build With Latest Acquisition Of Cowan Systems, Llc
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BRIEF-Schneider'S Dedicated Momentum Continues To Build With Latest Acquisition Of Cowan Systems, Llc
Nov 25, 2024 8:26 AM

Nov 25 (Reuters) - Schneider National Inc ( SNDR ):

* SCHNEIDER'S DEDICATED MOMENTUM CONTINUES TO BUILD WITH

LATEST

ACQUISITION OF COWAN SYSTEMS, LLC

* SCHNEIDER NATIONAL ( SNDR ): PROPOSED DEAL FOR CASH PURCHASE PRICE

OF

ABOUT $390 MILLION

* SCHNEIDER NATIONAL ( SNDR ): ACQUISITION EXPECTED TO BE ACCRETIVE

TO CO'S

EPS WITHIN FIRST YEAR, BEFORE CONSIDERATION OF ANTICIPATED

SYNERGIES

* SCHNEIDER NATIONAL ( SNDR ): DEAL TO BE FINANCED THROUGH EXISTING

CASH ON

HAND & BORROWINGS UNDER CO'S NEW $400 MILLION DELAYED DRAW TERM

CREDIT FACILITY

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