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News from The Globe and Mail

Wednesday, May 14, 2008

Shares of TransForce Inc. are expected to begin trading May 20 after unitholders of the TransForce Income Fund voted to approve a conversion to a corporate structure. The largest Canadian trucking operator said the vote Monday was 84 per cent in favour of the change. The big trucker also said yesterday it has arranged a $100-million loan from the Solidarity Fund QFL, with the proceeds to be used for acquisitions. TIF.UN (TSX) rose 35 cents to $7.46.

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