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Vitran
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The Haryana Government Plans to Build New Substations
Jul 31, 2014The Haryana government has announced plans to build 251 new substations, apart from augmenting capacity of 373 existing ones. The total outlay would be around Rs.4,400 crore. The new substations would include one of 400kV level, 29 of ...
Tags: Electrical, Electronics
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Clarke Closed The Sale of Its Truckload and Less-Than-Truckload Businesses
Jan 7, 2014Clarke Inc. said it has closed the sale of its truckload and less-than-truckload businesses to TransForce Inc. for C$100.5 million. The holding company expects a gain of $63 million to $68 million from the sale, it said in a Jan. 6 ...
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TransForce Is Buying The Canadian Assets of Vitran Corp
Jan 3, 2014After winning a bidding war with Manitoulin Transport, TransForce is buying the Canadian assets of Vitran Corp, TransForce announced Monday. Alain Bédard, chairman, president and CEO of TransForce said: "We are delighted to have ...
Tags: transportation
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Vitran Corp. Has Terminated Its Agreement with Manitoulin Transport
Jan 2, 2014Vitran Corp. has terminated its agreement with Manitoulin Transport and will instead be acquired by TransForce. TransForce offered $6.50 per share on Dec. 20, which Vitran said constituted a “superior offer” to the deal it ...
Tags: Vitran, Manitoulin Transport, TransForce, acquisition
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Vitran Corp Has Agreed to Be Acquired by TransForce Inc.
Jan 2, 2014Russ MacNeil Less-than-truckload carrier Vitran Corp. said it has agreed to be acquired by TransForce Inc., which outbid Manitoulin Transport Inc. for Vitran's Canadian assets. Vitran's which sold its U.S. LTL business in October, had ...
Tags: Vitran, TransForce, acquisition
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Manitoulin Transport Stood to Acquire The Canadian Operations of Vitran Corp.
Dec 27, 2013Manitoulin Transport stood to acquire the Canadian operations of Vitran Corp. until earlier this week. What changed? TransForce offered to pay $6.50 per share, beating out Manitoulin's offer of US $6.00, effectively starting a bidding ...
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Manitoulin Transport Bought The Canadian Assets of Vitran Corporation
Dec 17, 2013Last week, Manitoulin Transport bought the Canadian assets of Vitran Corporation and that's just what the Canadian trucking market needs, according to a CIBC World Markets report. "There remain too many players, which has resulted in poor ...
Tags: Canadian Trucking Market
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Manitoulin Transport Is Buying Vitran Corporation,Making It The Second-Largest Carrier
Dec 11, 2013Manitoulin Transport is buying Vitran Corporation, making Manitoulin the second-largest carrier in Canada. TransForce remains biggest. On Today's Trucking's 2013 Top 100 listings, Vitran was number three, Manitoulin number 12. Combined, ...
Tags: Manitoulin, buying Vitran Corporation, second-largest carrier in Canada
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Manitoulin Transport Reach an Agreement to Acquire Canadian Ltl Firm Vitran Corp
Dec 11, 2013Manitoulin Transport has reached an agreement to acquire Canadian LTL firm Vitran Corp. The deal includes all the outstanding shares of Vitran at a price of US$6 per share. The deal, including the assumption of Vitran's outstanding net ...
Tags: Manitoulin.Vitran Corp, acquire
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Manitoulin Group Will Be Purchasing All Shares in Major LTL Player Vitran
Dec 11, 2013Manitoulin Group's announcement tonight that it will be purchasing all shares in major LTL player Vitran may be its biggest move of the year, but it's certainly not the first. Manitoulin, which has over 3,000 pieces of equipment and more ...
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TransForce Will Now Have to Decide Whether to Sell Its Shares for a Tidy $4 Million Profit
Dec 11, 2013In the wake of Manitoulin's announced agreement to acquire Vitran at a cost of US$6 per share, TransForce will now have to decide whether to sell its shares for a tidy $4 million profit, stay put, or up its offer. Manitoulin's offer of $6 ...
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There Continues to Be Lots of Interest Surrounding Vitran
Sep 30, 2013There continues to be lots of interest surrounding Vitran, since it shed its US operations earlier this month. Last week, TransForce made a bid to acquire all its outstanding shares at US$4.50. Today, Clarke Inc. announced it was buying ...
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TransForce Has Submitted a Proposal to Vitran's Board of Directors to Acquire Vitran
Sep 27, 2013TransForce has submitted a proposal to Vitran's board of directors to acquire any outstanding shares of Vitran they don't already own for USD $4.50 per share in cash. TransForce said they made the proposal with the intention of "entering ...
Tags: Transportation, Auto Parts
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Transforce's Offer to Buy Vitran's Canadian Operations for Us$4.50 Per Share
Sep 27, 2013Industry analysts seem to agree that TransForce's offer to buy Vitran's Canadian operations for US$4.50 per share would be a good deal for Canada's largest LTL carrier. Walter Spracklin, analyst with RBC Capital Markets, said the deal ...
Tags: Transportation, Auto, Car
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Transforce Has Made a Bid for Vitran, Proposing a Takeover at $4.50 Per Share
Sep 27, 2013TransForce has made a bid for Vitran, proposing a takeover at $4.50 per share. TransForce already controls 9.51% of the outstanding shares of Vitran. Vitran recently sold its US LTL division to the Moroun family in Detroit, which also ...
Tags: Transportation, Auto Parts