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TransForce shifts from trust to a corporation

CP

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.

© The Globe and Mail

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