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Stock impact report

Running on Ice: The cold chain gets an acquisition, a warehouse and new sorbets [Yahoo! Finance]

Trane Technologies plc (TT) 
Company Research Source: Yahoo! Finance
Lineage is at it again, this time with the acquisition of Bellingham Cold Storage, a temperature-controlled provider in the Pacific Northwest. Terms of the deal were not disclosed, but the sale is expected to close in June. This acquisition isn't as straightforward, as the proposal still has to be presented to the Port of Bellingham.That's because Bellingham Cold Storage signed a 50-year lease extension at its location on the Bellingham Waterfront last September. Lease provisions require port approval if there's a change in ownership of more than 30%. BCS supports approximately 1,200 year-round jobs and generates more than $600 million in annual commerce. “Please trust that this acquisition does not signal a departure from who we are and the values we Read more
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