TFI International Inc. (NYSE:TFII) has agreed to acquire UPS Freight for about $800 million, the Canadian trucking and logistics company said on Monday.
The deal represents TFI's largest acquisition to date. It will dramatically increase the size of its truckload and less-than-truckload footprint in the United States.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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"We're excited by this very attractive opportunity to extend our longstanding record of successful growth through acquisition, which will vault TFI International to one of the largest North American LTL carriers," TFI CEO Alain Bedard said in a statement.
This is a developing story. Check back at FreightWaves.com for more updates.
Click for more FreightWaves articles by Nate Tabak
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.