Dynamex Inc. on Friday, Feb. 18, announced that its stockholders approved the merger agreement to provide for the company’s acquisition by TransForce Inc. The affirmative vote by the stockholders, which was required to approve the merger agreement, satisfies one of the closing conditions to the TransForce merger, which remains subject to certain other customary closing conditions and is expected to close on or about Feb. 22.
Dynamex, a Dallas-based provider of same-day delivery and logistics services in the United States and Canada, announced Feb. 1 that it had received early terminations of the waiting period for the merger, clearing the path to a quicker closing.
Dynamex announced on Dec. 14 that it had terminated a merger agreement previously entered into with an affiliate of Greenbriar Equity Group and had entered into the merger agreement with TransForce, ending a bidding war. TransForce agreed to acquire Dynamex for $25 per share in cash.