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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThe sale of inland marine shipping company American Commercial Lines Inc. to an affiliate of Platinum Equity closed on Tuesday.
Jeffersonville-based American Commercial said its common stock would cease trading on the Nasdaq Global Select Market at the end of the day.
Platinum Equity agreed to pay $33 a share, or about $777 million, including about $345 million in debt, to acquire American Commercial.
Owners of about 80 percent of American Commercial's shares voted to approve the deal last week.
Platinum Equity is a buyout firm that has been active in the information technology, telecommunications and other industries.
Founded in 1964, American Commercial was the 20th-largest public company in Indiana, according to IBJ research. It reported revenue of $846 million in 2009.
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