Canadian logistics firm TFI International to buy Daseke in $1.1 bln deal (updated)

Daseke

22/12/2023 14:34

(Adds details from press statement in paragraphs 2,3,4)
       Dec 22 (Reuters) - Canadian logistics firm TFI
International  TFII.TO  said on Friday it had agreed to acquire
Daseke  DSKE.O , in a deal valued at about $1.1 billion.
    Daseke specialises in heavy haul transportation in North
America, operating a fleet of more than 4,500 tractors and
10,500 flatbeds. 
    As per the terms agreed, Daseke shareholders will receive
$8.30 per share in cash, which represents a premium of 69% on
the stock's last close. 
    The deal is expected to be funded through cash and financing
facilities, TFI International said. 
    

 (Reporting by Abhinav Parmar in Bengaluru; Editing by Anil
D'Silva and Shweta Agarwal)
 ((Abhinav.Parmar@thomsonreuters.com;))