Canada’s Titanium going private with a 40%+ bump in stock price

Canadian-based carrier Titanium Transportation Group is going private at a hefty premium to the company’s closing stock price on Wednesday, the day prior to the announcement of the deal. The offer to take the company private is CAD$2.22 per share, 41% over the closing price on the Toronto Stock Exchange from the prior day of $1.58. It is also a 42% premium over the 20-day volume-weighted average. The offer is all-cash. Titanium Transportation (TSO: TTNM.TO) stock closed up 62 cts to $2.19, a gain of 38. ...