Business
TransForce Inc. Signs Definitive Merger Agreement to Acquire Dynamex Inc. for US$248 Million
TransForce Inc. Signs Definitive Merger Agreement to Acquire Dynamex Inc. for US$248 Million
About this update from Tfi International Inc.
[{"type":"text","content":"\n\n\n\n Dec. 14, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nAcquisition will significantly enhance TransForce's package and courier\n transportation services\n\n\nMONTREAL, Dec. 14 /CNW Telbec/ - TransForce Inc. (TSX: TFI-T), the\n leader in the Canadian transportation and logistics industry, today\n announced that it has entered into a definitive agreement and plan of\n merger to acquire all of the outstanding shares of Dynamex Inc.\n (NASDAQ: DDMX) for a purchase price of US$25.00 per share, in cash,\n representing a total purchase price of approximately US$248 million\n (the "Acquisition").  In connection with the definitive merger\n agreement, Dynamex informed TransForce that Dynamex has terminated the\n agreement and plan of merger it entered into on October 1, 2010, as\n amended on November 30, 2010, with affiliates of Greenbriar Equity\n Group LLC, providing for the sale to such affiliates of all of the\n outstanding shares of Dynamex for a purchase price of US$24.00 per\n share. Dynamex's Board of Directors has unanimously approved the\n acquisition by TransForce.\n\n\nHeadquartered in Dallas, Texas, Dynamex is a leading provider of\n same-day delivery and logistics services in the United States and\n Canada, offering a wide range of door-to-door fulfillment and\n distribution services for clients of all sizes and needs for more than\n 20 years. Dynamex employs more than 1,500 workers and has contracts\n with approximately 3,700 independen...