11:53 AM EST - World Point Terminals Inc. : said that it has entered into a binding letter of intent with World Point Holdings, Inc., an entity controlled by the Novelly family. Under the LoI, World Point Holdings has agreed to acquire all of the common shares in the capital of the company. In addition, shareholders of World Point Terminals who are not also shareholders of World Point Holdings would receive $19.90 U.S. in cash for each World Point common share. World Point Terminals Inc.
shares T.WPO are trading up $2.45 at $19.45.
