Arkansas Best Corp. (ABFS) said Friday that it has closed on the purchase of Panther Expedited Services, Inc. from Fenway Partners LLC for about $180 million, adding that all of Panther's outstanding debt has been repaid.
The deal was announced yesterday.
The $100 million term loan arranged by U.S. Bank National Association for the deal has also been funded, Arkansas Best said.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.