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)