Trimac receives privatization offer

by Truck News

CALGARY, Alta. — Trimac shares were up nearly 10% Monday after the company announced it has received a proposal from its principal shareholder, Trimac Holdings, to privatize the company.

The deal would equate to $6.25 per share for shareholders. Trimac Holdings is indirectly controlled by Jeffrey McCaig, chairman of Trimac. He and his family collectively control about 65% of outstanding Trimac shares.

The company advises that there’s no assurance its Board of Directors will recommend the proposed transaction proceed.

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 Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.