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8-K - FORM 8-K - DYNAMEX INC | d79925e8vk.htm |
EX-3.1 - EX-3.1 - DYNAMEX INC | d79925exv3w1.htm |
EX-3.2 - EX-3.2 - DYNAMEX INC | d79925exv3w2.htm |
Exhibit 99.1
5429 LBJ Freeway,
Suite 1000
Dallas, TX 75040
214-560-9000
Fax: (214) 560-9349
Suite 1000
Dallas, TX 75040
214-560-9000
Fax: (214) 560-9349
For immediate release
For further information contact:
Ray Schmitz
Executive Vice President and Chief Financial Officer
(214) 560-9308
ray.schmitz@dynamex.com
Ray Schmitz
Executive Vice President and Chief Financial Officer
(214) 560-9308
ray.schmitz@dynamex.com
DYNAMEX INC. ANNOUNCES COMPLETION OF ACQUISITION
BY TRANSFORCE INC.
BY TRANSFORCE INC.
February 23, 2011 Dallas, Texas Dynamex Inc. (NASDAQ: DDMX) (the Company or Dynamex)
today announced the completion of its acquisition by TransForce Inc. (TransForce).
The Companys President and Chief Executive Officer, James L. Welch, stated, The completion of our
deal with TransForce marks an important milestone for Dynamex. We are excited to begin the next
chapter of our corporate growth and are proud to be joining the TransForce family. TransForce
recognized the value proposition we have developed over the last 20 years and they share our vision
for growth and our commitment to customer service. Not only did this transaction deliver
significant value to our shareholders, it is a strong endorsement of our business model and
provides significant new growth opportunities for both companies. Dynamex will benefit from the
experience, geographic reach and synergies provided by TransForce and we look forward to working
with Alain Bédard and his team to capitalize on the significant opportunities in the logistics
space.
Alain Bédard, Chairman, President and Chief Executive Officer of TransForce, added Dynamex adds a
highly respected brand to our Package and Courier capability. Its same-day delivery enhances
service to existing customers while the combination of TransForce and Dynamex constitutes a
powerful offering to potential new clients. Importantly, incorporating Dynamexs services will open
doors for TransForce in the U.S. market. We are confident that the combination of TransForce and
Dynamex will yield attractive synergies with our existing divisions and will create value for our
shareholders.
Pursuant to the terms of the merger agreement, the Companys stockholders are entitled to receive
$25.00 in cash, without interest, less any applicable withholding taxes, for each share of Dynamex
common stock owned by them. As a result of the merger, the Companys common stock will no longer be
listed for trading on NASDAQ.
Stockholders of record will receive a letter of transmittal and instructions on how to surrender
their shares of Dynamex common stock in exchange for the merger consideration. Stockholders of
record should wait to receive the letter of transmittal before surrendering their shares.
* * *
ABOUT DYNAMEX
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.
FORWARD-LOOKING STATEMENTS
This release contains forward-looking statements that involve numerous risks and uncertainties.
The statements contained in this communication that are not purely historical are forward-looking
statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended,
including, without limitation, statements regarding the expected benefits of the transaction and
Dynamexs expectations, beliefs and intentions. All forward-looking statements included in this
communication are based on information available to Dynamex on the date hereof. In some cases you
can identify forward-looking statements by terminology such as may, can, will, should,
could, expects, plans, intends, anticipates, believes, estimates, predicts,
projects, targets, goals, or variations of such words, similar expressions, or the negative
of these terms or other comparable terminology. No assurance can be given that any of the events
anticipated by the forward-looking statements will transpire or occur, or if any of them do so,
what impact they will have on our results of operations or financial condition. Accordingly,
actual results may differ materially and adversely from those expressed in any forward-looking
statements. There are various important factors that could cause actual results to differ
materially from those in any such forward-looking statements, many of which are beyond Dynamexs
control. These factors include (A) changes in laws or regulations, (B) changes in the financial or
credit markets or economic conditions generally and (C) other risks as are mentioned in reports
filed by Dynamex with the Securities and Exchange Commission from time to time. Dynamex does not
undertake any obligation to publicly release any revision to any forward-looking statements
contained herein to reflect events and circumstances occurring after the date hereof or to reflect
the occurrence of unanticipated events. Caution should be taken that these factors could cause the
actual results to differ from those stated or implied in this and other Dynamex communications.