By Tuesday night, it had become a matter of public record that a serious suitor for Echo Global Logistics Inc. had emerged before the Chicago-based freight broker accepted in early September a $48.25-per-share all-cash buyout from private equity firm The Jordan Co., topping the unnamed suitor’s $47-a-share cash bid.
The question is who?
Bascome Majors, analyst at Susquehanna Investment Group and someone who typically doesn’t flirt publicly with M&A speculation, said Wednesday that the “evidence...