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Stock impact report

TFI International Announces Pricing of Public Offering

TFI International Inc. Common Shares (TFII) 
Company Research Source: GlobeNewswire
MONTREAL, Feb. 12, 2020 (GLOBE NEWSWIRE) -- TFI International Inc. (TSX: TFII; OTCQX: TFIFF), a North American leader in the transportation and logistics industry, today announced the pricing of its previously-announced marketed offering of 6,000,000 common shares in the United States and Canada, representing TFI International’s initial public offering in the United States.  TFI International will issue the shares at a price of US$33.35 per share, the equivalent of CAD $44.20 per share based on today’s Bank of Canada exchange rate, for gross proceeds of US$200,100,000.  The offering is expected to close on February 18, 2020, subject to customary closing conditions. TFI International’s common shares are scheduled to start trading on February 13 on the New York Stock Exchange (NYSE) under the symbol “TFII.”  TFI International’s common shares will continue to trade on the Toronto Stock Exchange under the symbol “TFII”. The public offering is being conducted through a syndicate of u Show less Read more
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