U.S. CLEARS EGL-CIRCLE MERGER

U.S. CLEARS EGL-CIRCLE MERGER

   U.S. antitrust regulators have cleared EGL Inc.’s $500-million acquisition of Circle International.

   EGL and Circle will now present the deal to shareholders, who will vote in mid-September. The boards of both companies have already approved the merger.

   Under terms of the deal, announced in July, each of Circle’s shares will be converted into one share of EGL stock. EGL expects to close the share swap in October.

   “We are pleased to have received Hart-Scott-Rodino clearance on a timely basis,” said James R. Crane, chairman and chief executive officer of EGL. “We believe that the proposed merger of Circle and EGL brings together complementary strengths, creating a formidable service organization well positioned to compete in the global marketplace.”