Roadrunner Transportation Systems Inc. (OTC: RRTS) announced plans to spin-off its Ascent Global Logistics unit in August. The planned deal would create two separate companies – Roadrunner Transportation Systems, Inc. with less-than-truckload (LTL) and truckload (TL) freight divisions and privately-held Ascent Global Logistics, Inc.
While the company’s new capital structure hasn’t been finalized, Roadrunner’s credit facility with BMO Harris Bank (NYSE: BMO) will be terminated and the entity is...
https://www.freightwaves.com/news/roadrunner-breakup-refocus-moves-forward