TransForce intends to change corporate name
MONTREAL, Que. — TransForce announced today that it intends to change its name to TFI International to reflect the increased geographic scope its operations.
A meeting of TransForce shareholders has been called for December 23, 2016 to consider the change, which must be approved by at least two-thirds of the votes cast by the holders of TransForce’s common shares, either present in person or represented by proxy at the special meeting.
Upon approval, TransForce will file Articles of Amendment to effect the change of name, and expects that its shares will commence trading on the Toronto Stock Exchange under the new name prior to year-end. TransForce’s stock symbol on the TSX will also change to TFII.
“This change in our corporate identity is in line with the company’s growing operations and footprint in the U.S. where we currently generate approximately 50% of our revenue,” said Alain Bédard, chairman, president and CEO.
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