COMPETITION WATCH: TransForce buying up Vitran shares
MONTREAL, Que. — TransForce has recently purchased shares of Vitran Corp., to the tune of some 1.763 million shares, representing about 10.75% of the company’s issued and outstanding common shares.
The purchases were made by TransForce subsidiary TFI Holdings between Dec. 17 and Jan. 24.
The average price was $5.18 per share, representing a total value of about $9.1 million.
TransForce said in a release it was buying the shares for “investment purposes.”
Have your say
This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.