TransForce Signs Definitive Agreement for Acquisition of Century II Holdings
MONTREAL, September 14, 2007 - TransForce Income Fund (TSX: TIF.UN), the leader in the
Canadian transportation and logistics industry, today announced the signing of a definitive
agreement for the acquisition of Century II Holdings Inc. (“Century”) (TSX:CH), which owns
structured route courier company Information Communication Services (ICS) Inc.
Under the terms of the definitive agreement, which was approved by the Special Committee of
independent directors of Century, TransForce will acquire all of the issued and outstanding shares of
Century for a fixed price of $10.20 per share.
Completion of the previously-announced acquisition remains subject to customary conditions,
including approval by a two-thirds vote of Century’s shareholders at a special meeting to be held on
October 25, 2007, regulatory approval, receipt of a satisfactory opinion from an independent
financial advisor as to the fairness of the transaction to the shareholders of Century, and the signing
of support agreements between TransForce and Century’s two major shareholders by September19, 2007.
“We are very pleased to have reached this stage of the transaction that was first announced on
August 2,” said Alain Bédard, Chairman, President and CEO of TransForce Income Fund. “We
believe we are paying a fair price for business that will be a significant addition to our Less-Than-
Truckload and Parcel segment. We are confident that all remaining conditions can be met and that
this transaction will continue our track record of adding operations that are well-managed,
successful and accretive to our unitholders.”