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- Rival bidders haggle over EGL(5/15/2007) led by EGL’s CEO once again being topped by a revised bid from CEVA.(5/15/2007) On Friday, May 11th, EGL received a proposal from the Crane-led group to amend its merger agreement to increase the consideration
- CEVA’s offer too rich for Crane (5/18/2007) CEVA’s offer too rich for Crane The group led by EGL’s CEO Jim Crane did not submit a revised proposal superior, and has recommended that the board of directors terminate the merger agreement with the Crane group