Skip to content

TransForce to Buy Dynamex for $248 Mln.

Click Here!

12/15/2010 2:00:00 PM

Canadian trucking firm TransForce Inc. will buy logistics and delivery firm Dynamex Inc. for $248 million, Bloomberg reported.

TransForce will acquire the company for $25 per share, 4.2% more than Greenbriar Equity Group had agreed to pay last month.

Greenbriar had originally offered $21.25 per share in October, and then increased the offer to $24 per share after another offer had come forward.

The Greenbriar agreement came with a $7.73 million termination fee, Bloomberg said Tuesday.

TransForce is ranked No. 15 and Dynamex is ranked No. 61 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.

Click Here!

© 2010, Transport Topics Publishing Group. All rights reserved.


TransForce to Buy Dynamex for $248 Mln. (12/15/2010 2:00:00 PM)
Dynamex Receives Higher Buyout Bid (12/10/2010 1:00:00 PM)
Dynamex’s Fiscal 1Q Profit Drops (12/6/2010 9:30:00 AM)
Dynamex Accepts Bigger Buyout Offer as Greenbriar Outbids ‘Excluded Party’ (12/3/2010 2:00:00 PM)
Dynamex Gets Competing Buyout Offer (11/24/2010 9:45:00 AM)
Greenbriar to Acquire Dynamex for $210 Million (10/11/2010 1:45:00 AM)

Click Here!

I agree to have my personal information transfered to MailChimp ( more information )
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.
Tax, Accounting, Consulting - Emil Estafanous, CPA, CFF, CGMA