Transportation M&A » By The Online Investor Staff, updated Sat., Jan. 23, 10:19 AM
Recent mergers and acquisitions in the Transportation M&A category.
Slide #5. TransForce Inc. — Vitran
| Acquirer: |
TransForce Inc. (TFI.CA) |
| Acquiree: |
Vitran (VTNC) |
| Details: |
TransForce Inc. ("TransForce") (TSX:TFI) (OTCQX:TFIFF), a North American leader in the transportation and logistics industry, and Vitran Corporation Inc. ("Vitran") (Nasdaq:VTNC) (TSX:VTN), a premier Canadian less-than-truckload ("LTL") transportation firm, are pleased to announce that the previously announced acquisition of Vitran by TransForce by way of plan of arrangement (the "Arrangement") has been completed. Under the Arrangement, 2400520 Ontario Inc. (the "Purchaser"), an indirect wholly-owned subsidiary of TransForce, acquired all of the issued and outstanding common shares of Vitran, other than common shares of Vitran held by the Purchaser and any affiliate of the Purchaser, for consideration of US$6.50 in cash per share. |
TransForce is involved in the provision of transportation and logistics services across Canada and the U.S. Co.'s business segments include: Package and Courier, which is involved in the pickup, transport and delivery of items across North America; Less-Than-Truckload, which is involved in the pickup, consolidation, transport and delivery of smaller loads; Truckload, which is involved in full loads carried directly from the customer to the destination, including expedited transportation, flatbed, container and dedicated services; and Logistics, which is involved in the provision of a range of logistics services. As of Dec 31 2015, Co. had 5,938 power units and 17,706 trailers.
Open the TFI.CA Page at The Online Investor »
TransForce is involved in the provision of transportation and logistics services across Canada and the U.S. Co.'s business segments include: Package and Courier, which is involved in the pickup, transport and delivery of items across North America; Less-Than-Truckload, which is involved in the pickup, consolidation, transport and delivery of smaller loads; Truckload, which is involved in full loads carried directly from the customer to the destination, including expedited transportation, flatbed, container and dedicated services; and Logistics, which is involved in the provision of a range of logistics services. As of Dec 31 2015, Co. had 5,938 power units and 17,706 trailers.
Open the VTNC Page at The Online Investor »
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