Flatbed truckload provider Daseke said Monday that it will buy out founder and former chairman Don Daseke. An agreement to repurchase $107.6 million in stock from Daseke and his affiliates is expected to close “later this week.”
The carrier will use $40 million in cash on hand and issue more than 67,000 shares of preferred stock to execute the transaction. Daseke’s holdings represent 28.6% of the company’s total outstanding common shares. Daseke will resign from the board and he and his...
https://www.freightwaves.com/news/daseke-to-buy-out-founder-in-108m-transaction