Patriot transportation and united petroleum transports to combine

Patriot transportation shareholders to receive $16.26 per share in cash jacksonville, fl / accesswire / november 1, 2023 / patriot transportation holding, inc. (nasdaq:pati) ("patriot" or the "company"), today announced an agreement under which united petroleum transports, inc. ("upt") will acquire all of the outstanding shares of patriot common stock for $16.26 per share in cash. the transaction values patriot transportation at approximately $65.9 million, including assumed cash and debt.
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