HOUSTON, June 26 /PRNewswire-FirstCall/ -- EGL, Inc. (Nasdaq: EAGL)
("EGL" or the "Company") today announced that it has set the close of
business of June 11, 2007 as the record date for determining the
shareholders entitled to receive notice of, and to vote at, the annual
meeting to be held to elect directors of the Company and to consider, among
other things, the proposed merger transaction with CEVA Group Plc (the
"CEVA group"), controlled by affiliates of Apollo Management VI, L.P. The
shareholder meeting will take place at 8:30AM on July 31, 2007, at the
Company's corporate headquarters at 15350 Vickery Drive in Houston, Texas.
Important Additional Information Regarding the Merger with the CEVA
Group Has Been Filed with the SEC:
In connection with the proposed merger with the CEVA group (the
"Merger"), the Company has filed a preliminary proxy statement with the
Securities and Exchange Commission (the "SEC"). INVESTORS AND SECURITY
HOLDERS ARE ADVISED TO READ THE PRELIMINARY PROXY STATEMENT, AND THE
DEFINITIVE PROXY STATEMENT WHEN AVAILABLE, BECAUSE THEY CONTAIN IMPORTANT
INFORMATION ABOUT THE MERGER AND THE PARTIES TO THE MERGER. Investors and
security holders may obtain a free copy of the preliminary proxy statement,
the definitive proxy statement (when available) and other relevant
documents filed with the SEC from the SEC's website at http://www.sec.gov.
The Company's security holders and other interested parties will also be
able to obtain, without charge, a copy of the definitive proxy statement
and other relevant documents by directing a request by mail or telephone to
Investor Relations, EGL, Inc., 15350 Vickery Drive, Houston, Texas 77032,
telephone (281) 618-3100, or from the Company's website,
http://www.eaglegl.com.
EGL and its directors, executive officers and other members of its
management and employees as well as the CEVA group may be deemed to be
participants in the solicitation of proxies from EGL's shareholders with
respect to the Merger. Information about EGL's directors and executive
officers and their ownership of EGL's common stock is set forth in EGL's
Form 10-K/A filed on April 30, 2007. Shareholders and investors may obtain
additional information regarding the interests of EGL and its directors and
executive officers in the Merger, which may be different than those of
EGL's shareholders generally, by reading the proxy statement and other
relevant documents regarding the Merger. The CEVA group does not own any
securities of EGL.
CAUTIONARY STATEMENTS
The statements included in this news release regarding any transaction
with the CEVA group, including the timing thereof, the likelihood that such
transaction could be consummated, any future actions by the CEVA group, the
effects of any transaction on EGL's operations or otherwise, and other
statements that are not historical facts, are forward-looking statements.
These statements involve risks and uncertainties including, but not limited
to, market conditions, availability and terms of acquisition financing,
satisfaction of closing conditions, actions by the CEVA group and other
factors detailed in risk factors and elsewhere in EGL's most recent Annual
Report on Form 10-K and other filings with the Securities and Exchange
Commission. Should one or more of these risks or uncertainties materialize
(or the consequences of such a development worsen), or should underlying
assumptions prove incorrect, actual outcomes may vary materially from those
forecasted or expected. EGL disclaims any intention or obligation to update
publicly or revise such statements, whether as a result of new information,
future events or otherwise.
Founded in 1984, Houston-based EGL, Inc. operates under the name EGL
Eagle Global Logistics. EGL is a leading global transportation, supply
chain management and information services company dedicated to providing
superior flexibility and fewer shipping restrictions on a price competitive
basis. With 2006 revenues of $3.2 billion, EGL's services include air and
ocean freight forwarding, customs brokerage, local pickup and delivery
service, materials management, warehousing, trade facilitation and
procurement, and integrated logistics and supply chain management services.
The Company's shares are traded on the NASDAQ Global Select Market under
the symbol "EAGL".
SOURCE EGL, Inc.
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Related links:
http://www.eaglegl.com
CONTACT:
Michael D. Slaughter, Chief Accounting
Officer of EGL, Inc., +1-281-618-3428
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