CEVA completes EGL merger

UK-based CEVA Group Plc said it has completed its merger with EGL Inc., under which EGL has now become a wholly owned indirect subsidiary of CEVA, which in turn is owned by affi liates of Apollo Management. EGL’s former shareholders are entitled to receive $47.50 in cash, without interest, for each share of EGL common […]


UK-based CEVA Group Plc said it has completed its merger with EGL Inc., under which EGL has now become a wholly owned indirect subsidiary of CEVA, which in turn is owned by affi liates of Apollo Management. EGL’s former shareholders are entitled to receive $47.50 in cash, without interest, for each share of EGL common stock they owned at the effective time of the merger.