DOWNERS GROVE, Ill. (
reached an agreement to be acquired for $25 a share by
Genco Distribution System
, a privately held third-party provider of logistics services.
The all-cash acquisition is valued at $512.6 million. The deal is expected to close in the fourth quarter.
The acquisition price is a 43.4% premium over ATC's closing price Friday of $17.43.
ATC is a provider of logistics services to the consumer electronics industries and the vehicle service parts markets.
-- Reported by Joseph Woelfel in New York.
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