Universal Logistics Holdings Acquires Parsec For Purchase Price Of $193.6M
Portfolio Pulse from Benzinga Newsdesk
Universal Logistics Holdings has acquired Parsec for $193.6 million, expanding its logistics capabilities.
September 30, 2024 | 8:12 pm
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Universal Logistics Holdings has acquired Parsec for $193.6 million, which is likely to enhance its logistics capabilities and potentially improve its market position.
The acquisition of Parsec by Universal Logistics Holdings is a strategic move to enhance its logistics services. This acquisition is likely to improve ULH's market position and operational capabilities, which could positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100