11:48 AM EST - TransForce Inc. : and Contrans Group Inc. ,a diverse provider of specialized transportation services, today announced that they have entered into a Support Agreement for the acquisition by TransForce, for $14.60 in cash per share, of all of the issued and outstanding Class A subordinate voting shares and Class B multiple voting shares of Contrans by way of a friendly, Board-approved takeover bid. The total equity purchase price is approximately $495 million. TransForce Inc.
shares T.TFI are trading up $2.12 at $27.30.
