EGL (EAGL) plunged 18% after the freight company warned of weak fourth-quarter numbers, prompting the private equity sponsor of a planned buyout to drop its support for the bid.Houston-based EGL, operator of the Eagle Global Logistics supply chain and transport business, said General Atlantic withdrew as a sponsor of a $36-a-share offer made by leading shareholder James R. Crane.
The EGL Has Crash-Landed
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