ISSAQUAH, Wash., March 17, 2020 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today announced that it has completed the acquisition of Innovel Solutions (“Innovel”), a leading provider of third-party end-to-end logistics solutions with nationwide capabilities. Number of Investments 1. Investments. Costco bought logistics company Innovel Solutions from Sears' holding company for $1 billion, according to a statement published on the warehouse chain's website. ... IPO & Stock Price. Costco stock fell after the retail ... it spent $1 billion to buy former Sears subsidiary Innovel Solutions, ... enabling Costco to undercut the competition on price. Costco has acquired Innovel Solutions on Mar 17, 2020. Boosting its last-mile capabilities, Costco Wholesale Corp. has bought third-party delivery and logistics provider Innovel Solutions for $1 billion in cash. Share Price: Buy-Q / Buy: Sell / Sell-Q: Change: Share Volume: 1.270: 8857 / 1.260: 1.270 / 23279: 0.150 (+13.4%) 2,062,897 Transform Holdco (TFCO) announced today that Costco (NASDAQ: COST) has acquired Innovel Solutions, its middle mile and final mile delivery and installation business, for $1 billion. Stock Symbol NASDAQ:COST ; IPO Date Mar 12, 1982; Stock chart by . Excluding the impacts from change in gasoline prices and foreign exchange, comparable sales for the month under discussion rose 16.5% on an improvement of … Costco Wholesale Corp said it had acquired Innovel Solutions for $1bln, as the membership-only retailer beefs up its final-mile delivery of bulky products across the United States and Puerto Rico. Costco has invested in SSM Healthcare on Mar 4, 2020. The official B2B auction marketplace for Innovel, offering authorized business buyers access to overstock and customer returns inventory in bulk quantities. Number of Lead Investments 1. Costco is registered under the ticker NASDAQ:COST . Register to bid on pallets and truckloads of furniture, clothing, tools & hardware, toys, home goods, and more.
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