COMPETITION WATCH: TransForce shareholders to vote on re-organization

Avatar photo

MONTREAL, Que. — TransForce Income Fund is holding a meeting of shareholders to vote on whether or not the company will ditch its Income Fund status.

The Quebec Superior Court issued a ruling yesterday, calling for a meeting between shareholders to consider the re-organization from an income trust fund to a corporation. The meetings will be held May 12 in Laval, Que.

To proceed with the reorganization, TransForce must receive court and regulatory approvals, as well as approval from 66 2/3% of the fund’s shareholders and 66 2/3% of the shareholders of the related TFI Holdings.

If the required votes are granted, the fund will then appear before the Court on May 14 to receive a final order and to proceed with the reorganization.

Avatar photo

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.


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 Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.

*