Business
TransForce Completes Acquisition of Century II and ICS
TransForce Completes Acquisition of Century II and ICS.
About this update from Futuregen Industries Corp.
[{"type":"text","content":"\n\n\n\nMONTREAL and TORONTO, Nov. 1 /CNW/ - TransForce Income Fund (TSX: TIF.UN)\nand Century II Holdings Inc. (TSX: CH) today announced the completion of the\namalgamation of Century with two subsidiaries of TransForce effective November\n1, 2007.\n\n\nToronto-based Century owns structured route courier company Information\nCommunication Services (ICS) Inc. which services more than 35,000 accounts in\nthe insurance, optical, financial, dental and hearing appliance business\nsectors across Canada. It had revenues of approximately $90 million in 2006.\n\n\nAs a result of the amalgamation, Century became an indirect, wholly-owned\nsubsidiary of TransForce. The common shares of Century will be delisted from\nthe Toronto Stock Exchange on or about November 2, 2007.\n\n\nShareholders of Century received one redeemable, preferred share of the\namalgamated corporation for each common share of Century held. The redeemable\npreferred shares have been redeemed, entitling shareholders to receive $10.20\nin cash per such share. Century shareholders are encouraged to send in their\nletter of transmittal and share certificates to receive their cash proceeds,\nwhich are to be distributed by CIBC Mellon Trust Company. Beneficial\nshareholders should contact their broker or financial institution to ensure\nthat their shares are deposited and that they receive their cash proceeds.\n\n\nProfile\n\n\nTransForce Income Fund (www.transforce.ca) is the leader in Canada's\ntransportation and logistics industry. Headquartered in Montreal, Quebec, the\nFund's objective is to create value for unitholders through managing and\ninvesting in a growing network of independent operating subsidiaries.\nTransForce provides a comprehensive and unique combination of capabilities,\nresources and geographical coverage in both domestic and trans-border markets.\nIts companies operate in four well-defined business segments:\n\n\n- Less Than Truckload and Parcel Delivery;\n- Specialized Services, which includes its ancillary transportation\n services and fleet management & personnel services businesses;\n- Specialized Truckload; and\n- Truckload.\n\n\nTransForce's trust units (TIF.UN) are listed on the Toronto Stock\nExchange and are included in the S&P/TSX Composite Index.\n\n\n%SEDAR: 00002281E\n\n\n","length":2392,"tagName":"div"}]