ECHO GLOBAL LOGISTICS, INC. (NASDAQ:ECHO) Files An 8-K Other Events
Item 8.01
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Other Events
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that its Board of Directors has approved a repurchase program for
up to an aggregate of $50 million of the Company’s outstanding
common stock and 2.50% convertible senior notes due 2020 through
April 30, 2019. The timing and amount of any repurchases will be
determined based on market conditions and other factors, and the
program may be discontinued or suspended at any time. Repurchases
will be made in compliance with SEC rules and other legal
requirements.
program is attached as Exhibit 99.1 to this Current Report on Form
8-K.
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(d)
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Exhibits:
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Exhibit No.
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Description
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99.1
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Press Release dated May 1, 2017.
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About ECHO GLOBAL LOGISTICS, INC. (NASDAQ:ECHO)
Echo Global Logistics, Inc. is a provider of technology-enabled transportation and supply chain management solutions. The Company utilizes a technology platform to compile and analyze data from its multi-modal network of transportation providers to facilitate its transportation and logistics services. The Company focuses primarily on arranging transportation by truckload (TL) and less than truckload (LTL) carriers. It also offers intermodal (which involves moving a shipment by rail and truck), small parcel, domestic air, expedited and international transportation services. The Company’s core logistics services include rate negotiation, shipment execution and tracking, carrier management, routing compliance and performance management reporting. It procures transportation and provides logistics services for clients across industries, such as manufacturing, construction, consumer products and retail. Its clients fall into two categories: Managed Transportation and Transactional. ECHO GLOBAL LOGISTICS, INC. (NASDAQ:ECHO) Recent Trading Information
ECHO GLOBAL LOGISTICS, INC. (NASDAQ:ECHO) closed its last trading session up +0.15 at 18.90 with 301,568 shares trading hands.
