Caisse to lead take-private buy of Student Transportation
Student Transportation Inc (TSX, Nasdaq: STB), a Wall, New Jersey-based provider of school transportation, safety and fleet services, has agreed to be acquired by a consortium led by Caisse de dépôt et placement du Québec and Ullico Inc. The consortium will buy all of the company's outstanding common shares not currently held by them for US$7.50 per unit. The deal is expected to close in the second quarter. The Caisse has invested in Student Transportation for 16 years, most of that time as its largest shareholder. The company's Canadian division is located in Barrie, Ontario.
28 February 2018•6 mins read
