EGL Receives Buyout Offer

EGL Inc. (NYSE: EAGL) has received a $36 per share buyout offer from a group that includes EGL chairman and CEO Jim Crane, Centerbridge Partners and The Woodbridge Co. The deal would be valued at approximately $1.46 billion, with nearly $1.18 billion of leverage to be provided by Merrill Lynch, Pierce, Fenner & Smith and The Woodbridge Co. EGL is a Houston-based provider of transportation, supply chain management and information services.