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Covenant - USA - Retracts outlook; to buy trucking firm
Chattanooga, Tennessee,USA -Reuters -Sep 14, 2006: -- Covenant Transport Inc. on Thursday said it is retracting its prior 2006 forecasts and announced the acquisition of truckload carrier Star Transportation Inc. for about $40 million in cash... Covenant expects to record goodwill and other intangible assets of about $23 million in connection with the transaction. The deal is expected to immediately add to Covenant's earnings...
posted by Unknown @ 11:36 AM
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