Livingston International Inc. said Monday that it would acquire
Blaiklock Inc. and expected to complete the deal by late October or early November.
The deal is backed by Livingston’s major shareholders represented by CAI
Advisors & Co. and a group of private and institutional investors.
The companies are a good fit, said Peter Luit, chief executive officer
of Livingston, which handles an estimated $70 billion in cross-border trade each year.
U.S./Canada trade is the busiest in the world, with an estimated Cdn $1.2 billion crossing
the border every day.
LIVINGSTON INTERNATIONAL TO ACQUIRE BLAIKLOCK
Key Takeaways:
- Livingston International Inc. will acquire Blaiklock Inc.
- The acquisition is expected to be completed by late October or early November.
- The deal is supported by Livingston's major shareholders.
- The merger is considered a good fit, strengthening Livingston's position in the significant US/Canada cross-border trade market.
Key takeaways sponsored by SONAR
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LIVINGSTON INTERNATIONAL TO ACQUIRE BLAIKLOCK
