Trucking company TransForce has made a new offer to purchase rival Canadian carrier Vitran and it just may push Manitoulin Transport’s recent offer straight off the table.
TransForce Ups Offer for Vitran
Trucking company TransForce has made a new offer to purchase rival Canadian carrier Vitran and it just may push Manitoulin Transport’s recent deal straight off the table.
by Staff
December 22, 20131 min to read
TransForce is now offering $6.50 per share for the company for shares it does not own, $2 better per share than the offer it made earlier in the year and 50 cents per share better than Manitoulin’s recent offer of $6 per share.
Transforce currently owns just less than 20% of Vitran’s outstanding share while Manitoulin has a limited amount of time to match the Transforce offer.
Read more about what is likely going to be a bidding was from Today’s Trucking as well as the Brandon Sun.
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