Canada Cartage unitholders approve sale
TORONTO — Unitholders of Canada Cartage Diversified Income Fund have overwhelmingly vote to rubber stamp the sale of all assets to Nautic Partners VI, a private equity firm in the U.S.
The income fund, which controls Canada’s 11th largest for-hire trucking carrier, was sold to Nautic for about $140 million in May.
The closing of the transaction is expected to occur on July 6, 2007.
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