SOURCE: American Commercial Lines Inc.

American Commercial Lines Inc.

November 23, 2010 08:00 ET

FTC Grants Early Termination of HSR Waiting Period for American Commercial Lines Merger

JEFFERSONVILLE, IN--(Marketwire - November 23, 2010) - American Commercial Lines Inc. (NASDAQ: ACLI) ("ACL" or the "Company"), one of the largest and most diversified inland marine transportation and service companies in the United States, today announced that the Federal Trade Commission (FTC) has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, relating to the proposed merger between ACL and an affiliate of Platinum Equity.

About American Commercial Lines Inc.
American Commercial Lines Inc., headquartered in Jeffersonville, Indiana, is an integrated marine transportation and service company operating in the United States Jones Act trades, with approximately $850 million in revenues and approximately 2,570 employees as of December 31, 2009. For more information about American Commercial Lines Inc., visit www.aclines.com.

About Platinum Equity
Platinum Equity is a global M&A&O® firm specializing in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, telecommunications, logistics, metals services, manufacturing and distribution. Since its founding in 1995 by Tom Gores, Platinum Equity has completed over 100 acquisitions with more than $27.5 billion in aggregate annual revenue at the time of acquisition. For more information, go to www.platinumequity.com.

Important Additional Information will be filed with the SEC
In connection with the proposed transaction, American Commercial Lines Inc. filed a definitive proxy statement, concerning the proposed transaction with the SEC on November 15, 2010, which was subsequently distributed to the Company's stockholders for purposes of the Company's stockholder meeting scheduled for December 14, 2010. Investors and stockholders of American Commercial Lines Inc. are urged to read the definitive proxy statement because it contains important information about American Commercial Lines Inc. and the proposed transaction.

Investors and stockholders may obtain a free copy of the definitive proxy statement and any other relevant documents filed or furnished by American Commercial Lines Inc. with the SEC (when available) at the SEC's Web site, www.sec.gov. In addition, investors and stockholders may obtain free copies of the documents filed with the SEC by American Commercial Lines Inc. by contacting American Commercial Lines Inc. by e-mail at aclinesinvestor@aclines.com or by phone at 800-842-5491 or by going to the investor relations portion of American Commercial Lines Inc.'s website, www.aclines.com.

American Commercial Lines Inc. and its directors and certain executive officers may be deemed to be participants in the solicitation of proxies from American Commercial Lines Inc. stockholders in respect of the proposed transaction. Information about the directors and executive officers of American Commercial Lines Inc. and their respective interests in American Commercial Lines Inc. by security holdings or otherwise is set forth in the definitive proxy statement described above.

Contact Information

  • Contact:
    David T. Parker
    Vice President, Investor Relations
    and Corporate Communications
    (800) 842-5491