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Lineage, Inc. Announces Plans to Expand Its U.S. Cold-Storage Network With Long-Time Customer

1. Lineage plans to expand its U.S. cold-storage network through acquisitions. 2. The company will acquire warehouses from Tyson Foods, enhancing its market position.

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FAQ

Why Bullish?

The strategic acquisitions and expansion could enhance revenue growth, similar to past successful acquisitions in logistics, which positively impacted share prices.

How important is it?

The article details significant expansion efforts that could lead to increased revenue and market presence, directly affecting LINE's valuation.

Why Long Term?

Investments in cold storage will likely yield returns over several quarters, improving LINE's market position steadily over time.

Related Companies

NOVI, Mich.--(BUSINESS WIRE)--Lineage, Inc. (NASDAQ: LINE, “Lineage”), the world's largest global temperature-controlled warehouse REIT, today announced plans to expand its U.S. cold-storage network via a series of new acquisitions, greenfield developments, and enhanced automation implementation. Namely, Lineage has entered into a definitive agreement to acquire multiple, existing cold storage warehouses in the U.S. from Tyson Foods, Inc. (NYSE: TSN, “Tyson Foods”), building on a longstanding c.

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