Hub Group Announces Sale of Mode Transportation
Hub Group, Inc. - Class A (HUBG)
Last hub group, inc. - class a earnings: 4/30 04:02 pm
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US:NASDAQ Investor Relations:
hubgroup.gcs-web.com/investor-relations
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Source: GlobeNewswire
OAK BROOK, Ill., Aug. 31, 2018 (GLOBE NEWSWIRE) -- Hub Group, Inc. (“Hub Group”) (NASDAQ: HUBG), one of the nation’s leading freight transportation management companies, today entered into a definitive agreement and concurrently sold its subsidiary, Mode Transportation, LLC (“Mode”), to an affiliate of York Capital Management (“York”) for approximately $238.5 million. The transaction is a result of the previously announced exploration of strategic alternatives for Mode that was undertaken by the Hub Group Board of Directors as part of their ongoing review of alternatives for creating shareholder value. The sale does not include the Temstar business which is being retained by Hub Group and was previously included in the Mode segment for financial reporting purposes. The purchase price is subject to certain post-closing adjustments. “Mode has an excellent management team, with a strong, solid agent base and loyal customers. While Mode has been very successful, there was a lack o
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HUBG
Earnings
- 4/25/24 - Beat
HUBG
Sec Filings
- 4/25/24 - Form 8-K
- 4/24/24 - Form 4
- 4/12/24 - Form ARS
- HUBG's page on the SEC website