Vitran Adopts Shareholder Rights Plan

Vitran Corporation VTNC announced today its Board of Directors has approved the adoption of a shareholder rights plan ("Rights Plan"). The Board of Directors adopted the Rights Plan following evaluation and consultation with outside financial and legal advisors. The purpose of the Rights Plan is to provide the shareholders and directors of Vitran with adequate time to consider and evaluate any unsolicited bid and to provide the directors with adequate time to identify, develop and negotiate value-enhancing alternatives, if considered appropriate, to any such unsolicited bid. As Mr. William Deluce, Vitran's Interim President and Chief Executive Officer, stated in our November 1, 2013 press release, "The Board of Directors' commitment to enhancing value for its shareholders remains unwavering. With the divestiture of the U.S. business, we are now in a better position to explore strategic alternatives including evaluating any proposals made to purchase Vitran and we continue to work with our financial advisor, Stephens Inc. in this process." Subject to the terms of the Rights Plan, the rights ("Rights") will become exercisable in the event any person, together with any person related to it or acting See full press release