TForce | Tfi-buying-daseke-for-1-1b-contemplating-spinoff-of-truckload-unit?

[Kennesaw Kid]

TFI buying Daseke for $1.1B, contemplating spinoff of truckload unit

TFI International entered an agreement to acquire flatbed carrier Daseke and said it’s exploring a spinoff of its truckload business.

www.freightwaves.com

 

[Teamsta II]

Tfi is acquiring 650 million in debt with this buy?
It sounds like they will sell off many of the assets to level the debt .