TopNews

Wheaton, Allied Battle For Global Van Lines

February 18, 2000

SHARING TOOLS        | Print Subscribe
Two moving companies are in a bidding battle for bankrupt Global Van Lines of Orange, CA.

Allied Worldwide, Naperville, IL, has offered to buy the company for $1.65 million to $2.5 million, depending on how many of Global's independent agents agree to sign on with Allied.
Wheaton Worldwide Moving of Indianapolis, a much smaller company than Allied, has offered around $3 million for the company.
Although Global, which has filed for bankruptcy protection, chose to accept Allied's offer, it has opted for a legal procedure that keeps Wheaton in the game. When all three parties appear next month in a California bankruptcy court, Allied will announce the value of its offer based on the number of agents it has signed up. Wheaton will then be given the chance to make a higher bid.

Comment On This Story

Name:  
Email:  
Comment: (Maximum 2000 characters)  
Leave this field empty:
* Please note that every comment is moderated.

Newsletter

We offer e-newsletters that deliver targeted news and information for the entire fleet industry.

GotQuestions?

Lubricants

The expert, Mark Betner from CITGO, will answer your questions

View All

GotQuestions?

Suspension

The expert, Rence Oliphant from Hendrickson, will answer your questions

View All