03:51 PM EST - Trimac Transportation Ltd. : announced that it has entered into a letter of intent for the acquisition of all the issued and outstanding shares in the capital of Liquid Cargo Lines Limited. The closing of the transaction remains subject to customary terms and conditions including the parties entering into a definitive share purchase agreement and the completion of due diligence. In connection with the closing of the transaction, it is anticipated that the 13-acre property owned by LCL will be sold to a related party of Trimac and leased back to LCL, all on commercial terms. The closing is expected to be completed in the third quarter of 2012. Trimac Transportation Ltd.
shares T.TMA are trading down $0.01 at $4.49.
