Livingston to buy PBB Global Logistics
TORONTO, — Customs brokerage firm Livingston International has filed with securities regulators to acquire all of the outstanding trust units of PBB Global Logistics Income Fund.
Livingston is offering PBB unitholders 0.92 of a unit of Livingston in exchange for each PBB unit (subject to adjustment as provided under the offer). This represents a premium of approximately percent based on the volume weighted average trading prices of the Livingston units and the PBB units on the Toronto Stock Exchange.
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