Posted AT 11:45 AM EDT on 13/05/08
TransForce Income Fund to convert into Transforce Inc.
MONTREAL — 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 Tuesday it has arranged a $100-million loan from the Solidarity Fund QFL, with the proceeds to be used for acquisitions.
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