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Titanium Transportation Group Inc. has entered into a definitive arrangement agreement under the Canada Business Corporations Act pursuant to which TTNM Management Acquisition Limited, supported by longstanding shareholder Trunkeast Investments Canada Limited, will acquire all issued and outstanding common shares of Titanium, other than those held by specified “Rolling Shareholders,” for all-cash consideration of $2.22 per share. This going-private transaction represents a 41 percent premium to the January 14, 2026 TSX closing price and a 42 percent premium to the 20-day VWAP, and values Titanium at roughly C$103 million (US$74.3 million), with the US dollar amount explicitly equated in the article to about C$103 million at announcement. The Rolling Shareholders collectively hold 23,544,583 common shares, representing 50.5 percent of the common shares, and certain key employees may be invited to join them for up to an additional 5.0% of the shares. Voting support agreements with Trunkeast and all directors and officers cover approximately 50.7 percent of outstanding common shares, and the transaction is not subject to a financing condition. Miller Thomson LLP as legal advisor to the company, Goodmans LLP as independent legal counsel to the special committee, and Loopstra Nixon LLP as legal advisor to the purchaser.
Parties
Company
Titanium Transportation Group Inc.
Company
TTNM Management Acquisition Limited
Deal Type
Merger & AcquisitionIndustry
TransportationTransaction
$ 103,000,000Deal Status
ActiveClosing Date