Dynamex receives clearance under Hart-Scott-Rodino Act, Competition Act (Canada) and Canada Transportation Act over proposed merger with Virginia-based transportation workforce solutions company TransForce
February 1, 2011
– Dynamex Inc. (NASDAQ:DDMX - News) (the “Company”) announced today that it has received (i) early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (“HSR”) with respect to the proposed merger (the “Merger”) with TransForce Inc. (“TransForce”), (ii) a “no action letter” from the Canadian Competition Bureau (the “Bureau”) indicating that the commissioner of the Bureau does not at this time intend to make an application for an order under Section 92 of the Competition Act (Canada), R.S.C. 1985, c. C-34 and regulations thereto, as amended (the “Competition Act”), to challenge the Merger and (iii) a notice from the Canadian Minister of Transport, Infrastructure and Communities that the Merger does not raise public interest issues as it relates to national transportation in Canada under the Canada Transportation Act, 1996, c. 10 and regulations thereto, as amended (the “Transportation Act”).
Clearance under HSR, the Competition Act and the Transportation Act satisfies one of the closing conditions to the Merger, which remains subject to approval by the Company’s stockholders and other customary conditions. The transaction is expected to be completed in the first calendar quarter of 2011.
Dynamex is the leading provider of same-day delivery and logistics services in the United States and Canada. Additional press releases and investor relations information is available at www.dynamex.com.
In connection with the Merger with TransForce, the Company filed a definitive proxy statement with the Securities and Exchange Commission (the “SEC”) on January 14, 2011, which contains information about the Company, the Merger and related matters, and mailed such proxy statement to its stockholders. STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT CAREFULLY, AS IT CONTAINS IMPORTANT INFORMATION THAT STOCKHOLDERS SHOULD CONSIDER BEFORE MAKING A DECISION ABOUT THE MERGER. In addition to receiving the proxy statement from the Company by mail, stockholders may obtain the proxy statement, as well as other filings containing information about the Company, without charge, from the SEC’s website (www.sec.gov) or, without charge, from the Company by mail or from the Company website (www.dynamex.com). The Company and its executive officers and directors may be deemed to be participants in the solicitation of proxies from Company stockholders with respect to the proposed Merger. Information regarding any interests that the executive officers and directors of the Company may have in the transaction is set forth in the proxy statement. More detailed information regarding the identity of the potential participants, and their direct or indirect interests, by security holdings or otherwise, is set forth in the proxy statement and other materials to be filed with the SEC in connection with the proposed Merger.
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