Latham Reps Platinum Equity In $777M ACL Deal

Law360, New York (October 19, 2010, 4:42 PM EDT) -- An affiliate of private equity firm Platinum Equity has offered to purchase Indiana-based marine transportation and service company American Commercial Lines Inc. in a deal worth about $777 million.

Jeffersonville, Ind.-based ACL announced Monday that its board had approved the $33 per share offer based on the recommendation of a special committee of independent directors and urged shareholders to approve the deal.

Under the deal, ACL shareholders except for GVI Holdings Inc. will receive $33 in cash for each share of ACL common stock, while GVI...
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