Star shareholders approve sale
KELOWNA, B.C. – The shareholders of Western Star Trucks Holdings have approved the $670-million sale of the company to Freightliner LLC. DaimlerChrysler, Freightliner’s parent company, had made an offer of $42 per share for outstanding shares in the company.
The merger will see the Western Star name remain, but folded into the Sterling Trucks umbrella. Sterling was formed after Freightliner’s purchase of Ford’s former heavy truck business. n
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