TFI International

TFI International Completes Previously Announced Daseke Acquisition for US $8.30 in Cash per Common Share and Closes on US $500 Million Term Loan

Retrieved on: 
Monday, April 1, 2024
Bank of America, Goldman Sachs, PNC Financial Services, Daseke, National Bank of Canada, Bank, Acquisition, Transport, U.S. Bancorp, Toronto-Dominion Bank, Bank of Montreal, TFI International, TSX, Royal Bank of Canada, National bank

MONTREAL, April 01, 2024 (GLOBE NEWSWIRE) -- TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced that it has closed on the previously announced acquisition of Daseke, Inc. (NASDAQ: DSKE), one of the leading flatbed and specialized transportation and logistics companies in North America, for US $8.30 in cash per common share.

Key Points: 
  • MONTREAL, April 01, 2024 (GLOBE NEWSWIRE) -- TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced that it has closed on the previously announced acquisition of Daseke, Inc. (NASDAQ: DSKE), one of the leading flatbed and specialized transportation and logistics companies in North America, for US $8.30 in cash per common share.
  • The total enterprise value of the transaction is approximately US $1.1 billion, including the merger consideration for the common stock, redemption of Daseke’s Series B preferred stock, payoff or assumption of Daseke’s Series A preferred stock and outstanding debt, net of cash, and estimated transaction fees and expenses.
  • In addition, on March 22, 2024, TFI International closed on a US $500 million term loan in an overcommitted transaction priced at a spread of SOFR plus a range of 140 to 165 basis points, to vary over time depending on the company’s funded-debt-to-EBITDA ratio, and consisting of three tranches including a one-year facility of US $100 million maturing March 2025, a two-year facility of US $100 million maturing March 2026 and a three-year facility of US $300 million maturing March 2027.
  • Participating banks included National Bank of Canada, Royal Bank of Canada, Bank of America, N.A., The Toronto-Dominion Bank, Bank of Montreal, PNC Bank, N.A., U.S. Bank National Association, Morgan Stanley Bank, N.A., and Goldman Sachs.

First Phosphate and Craler Sign MOU for the Development of Global Logistical Competencies to and from the Saguenay-Lac-St-Jean region of Quebec, Canada

Retrieved on: 
Wednesday, February 28, 2024
Carbon footprint, TFI, OTC, TSX, Phosphate, First, Carbon, Consultant, Indian stock exchange, Rest, Saguenay, TFI International, Saguenay–Lac-Saint-Jean, Movement, Lithium, Security (finance)

"Smart logistics can lead to cost-savings, reduction of carbon footprint and satisfied clients in the automobile and stationary energy storage industries across North America."

Key Points: 
  • "Smart logistics can lead to cost-savings, reduction of carbon footprint and satisfied clients in the automobile and stationary energy storage industries across North America."
  • First Phosphate and Craler are to work together to make the economic, social and job creation benefits of their arrangement known to the Quebec, Canadian and US governments.
  • The Company has also granted 440,400 restricted share units of the Company ("RSUs") to two eligible consultants of the Company.
  • All securities issued are subject to a hold period of four months plus one day from the date of issuance.

TFI International Acquires Hercules Forwarding

Retrieved on: 
Monday, March 11, 2024
CFO, Acquisition, HVAC, Hercules, LTL, TSX, Transport, TFI International, 3PL, Cargo

MONTREAL, March 11, 2024 (GLOBE NEWSWIRE) -- TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced the acquisition of Hercules Forwarding, Inc. (“Hercules”), a Less-Than-Truckload (LTL) carrier with an emphasis on intra-US and US-to-Canada cross-border transportation. Founded in 1985 and family-owned with US headquarters in Vernon, California and Canadian headquarters in New Westminster, BC, Hercules utilizes a 31-terminal network and operates more than 210 trucks, close to 600 trailers and approximately 75 containers, generating more than US $100 million in annual revenues. Hercules’ non-union team focuses on direct shipper customers seeking high-quality, damage-free service across diverse end markets including consumer/retail, HVAC/building products, automotive, industrial, 3PL and food/beverage. Led by its president, Marty Burnham and CFO, Melanie Burnham, Hercules will join TFI’s LTL business segment.

Key Points: 
  • MONTREAL, March 11, 2024 (GLOBE NEWSWIRE) -- TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced the acquisition of Hercules Forwarding, Inc. (“Hercules”), a Less-Than-Truckload (LTL) carrier with an emphasis on intra-US and US-to-Canada cross-border transportation.
  • Hercules’ non-union team focuses on direct shipper customers seeking high-quality, damage-free service across diverse end markets including consumer/retail, HVAC/building products, automotive, industrial, 3PL and food/beverage.
  • Led by its president, Marty Burnham and CFO, Melanie Burnham, Hercules will join TFI’s LTL business segment.
  • We are pleased to welcome Marty, Melanie, and the entire Hercules team to the TFI International family.”

Kuehn Law Encourages DSKE, RYZB, ROVR, and GRPH Investors to Contact Law Firm

Retrieved on: 
Friday, February 2, 2024
PLLC, TFI International, Human, Advertising, Bristol Myers Squibb, Therapy

NEW YORK, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating potential claims related to the below-listed proposed mergers.

Key Points: 
  • NEW YORK, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating potential claims related to the below-listed proposed mergers.
  • Kuehn Law may seek additional disclosures or other relief on behalf of the shareholders of these companies.
  • Bristol Myers Squibb has agreed to purchase RayzeBio in an all-cash deal valued at around $4.1 billion.
  • Concerned shareholders are encouraged to contact Justin Kuehn, Esq., at [email protected] or call (833) 672-0814.

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: RayzeBio, Inc. (Nasdaq – RYZB), Gracell Biotechnologies Inc. (Nasdaq – GRCL), Daseke, Inc. (Nasdaq – DSKE), Karuna Therapeutics, Inc. (Nasdaq – KRTX)

Retrieved on: 
Thursday, January 4, 2024
ADS, BMY, Brodsky, AstraZeneca, Karuna, Therapy, AZN, Daseke, Bristol Myers Squibb, TFI International, Security (finance)

If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.

Key Points: 
  • If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.
  • Under the terms of the agreement, RayzeBio will be acquired by Bristol Myers Squibb (NYSE: BMY) in an all-cash transaction valued at approximately $4.1 billion.
  • Under the terms of the agreement, RayzeBio stockholders will receive $62.50 per share in cash upon completion of the proposed transaction.
  • Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits.

STOCKHOLDER ALERT: The M&A Class Action Firm is Investigating the Merger – SUM, KRTX, DSKE, AYX

Retrieved on: 
Tuesday, December 26, 2023
Insight Partners, Empire, Sale, AYX, Monteverde, KRTX, TFI International, Therapy, Daseke, Alteryx, SUM, Bristol Myers Squibb, Security (finance)

Under the terms of the agreement, Cementos will receive approximately $1.2 billion in cash and 54.7 million shares of SUM.

Key Points: 
  • Under the terms of the agreement, Cementos will receive approximately $1.2 billion in cash and 54.7 million shares of SUM.
  • Cementos will own approximately 31% of the combined company on a fully diluted basis.
  • Alteryx, Inc. (NYSE: AYX ), relating to its proposed sale to Clearlake Capital Group, L.P. and Insight Partners.
  • Under the terms of the agreement, AYX shareholders are expected to receive $48.25 in cash per share they own.

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: RayzeBio, Inc. (Nasdaq – RYZB), Gracell Biotechnologies Inc. (Nasdaq – GRCL), Daseke, Inc. (Nasdaq – DSKE), Karuna Therapeutics, Inc. (Nasdaq – KRTX)

Retrieved on: 
Tuesday, December 26, 2023
ADS, BMY, Brodsky, AstraZeneca, Karuna, Therapy, AZN, Daseke, Bristol Myers Squibb, TFI International, Security (finance)

If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.

Key Points: 
  • If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.
  • Under the terms of the agreement, RayzeBio will be acquired by Bristol Myers Squibb (NYSE: BMY) in an all-cash transaction valued at approximately $4.1 billion.
  • Under the terms of the agreement, RayzeBio stockholders will receive $62.50 per share in cash upon completion of the proposed transaction.
  • Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits.

Daseke to be Acquired by TFI International

Retrieved on: 
Friday, December 22, 2023
Sale, TFI, Kirkland & Ellis, TSX, Transport, VWAP, TFI International

Addison, Texas, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Daseke, Inc. (NASDAQ: DSKE) (Daseke or the Company), the premier North American transportation solutions specialist dedicated to servicing challenging industrial end markets, today announced that, with the unanimous approval of Daseke’s board of directors, it has entered into a definitive agreement to be acquired by TFI International Inc. (NYSE and TSX: TFII) (TFI International), a North American leader in the transportation and logistics industry, in an all-cash transaction that values Daseke at an enterprise value of approximately $1.1 billion.

Key Points: 
  • Addison, Texas, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Daseke, Inc. (NASDAQ: DSKE) (Daseke or the Company), the premier North American transportation solutions specialist dedicated to servicing challenging industrial end markets, today announced that, with the unanimous approval of Daseke’s board of directors, it has entered into a definitive agreement to be acquired by TFI International Inc. (NYSE and TSX: TFII) (TFI International), a North American leader in the transportation and logistics industry, in an all-cash transaction that values Daseke at an enterprise value of approximately $1.1 billion.
  • TFI has a proven track record of successfully executing acquisitions that deliver value for its customers, shareholders, partners, and team members.
  • Upon closing of the transaction, Daseke’s common stock will no longer be listed on any stock exchange, and Daseke will operate its portfolio of brands as part of TFI International’s Truckload segment.
  • J.P. Morgan Securities LLC is serving as exclusive financial advisor to Daseke, and Kirkland & Ellis LLP is serving as Daseke’s legal advisor.

TFI International Agrees to Acquire Daseke for $8.30 in Cash per Common Share

Retrieved on: 
Friday, December 22, 2023
P&C, Truckload shipping, Agriculture, Acquisition, TFI, LTL, TSX, Transport, TFI International

Management expects the transaction to be EPS-neutral to TFI International in 2024, and accretive by at least $0.50 per share in 2025 based on current market conditions.

Key Points: 
  • Management expects the transaction to be EPS-neutral to TFI International in 2024, and accretive by at least $0.50 per share in 2025 based on current market conditions.
  • After the merger, Daseke will continue to operate its portfolio of brands as part of TFI’s Truckload segment.
  • We extend a warm welcome to the Daseke team,” stated Alain Bédard, Chairman, President and Chief Executive Officer of TFI International.
  • Our immediate focus will be on improving Daseke’s financial results, with the strategic consideration to follow and be ongoing.”

DSKE Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Daseke, Inc. Is Fair to Shareholders

Retrieved on: 
Friday, December 22, 2023
Class Action Lawsuit, Professional Services, Legal, Advertising, Fraud, Sale, TFI International

Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Daseke, Inc. (NASDAQ: DSKE) to TFI International Inc. for $8.30 in cash per common share is fair to Daseke shareholders.

Key Points: 
  • Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Daseke, Inc. (NASDAQ: DSKE) to TFI International Inc. for $8.30 in cash per common share is fair to Daseke shareholders.
  • On behalf of Daseke shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.
  • Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.