BRIEF-Trimac Transportation announces proposed privatization

Mon May 2, 2016 8:50am EDT
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May 2 (Reuters) - Trimac Transportation Ltd

* All of shareholders of trimac would receive $6.25 cash for their trimac shares.

* Special committee of independent directors has been established to consider proposed transaction

* Trimac transportation ltd. Announces proposed privatization

* Has received a proposal from its principal shareholder, trimac holdings ltd to privatize trimac

* Proposed transaction is premised on no further dividends being declared

* Says no further purchases of trimac shares will be made under trimac's normal course issuer bid

* Special committee has retained an independent valuator who is in process of preparing a valuation of trimac shares Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)