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STB

Student Transportation

19:23
04/25/18
04/25
19:23
04/25/18
19:23

Student Transportation obtains court order approving Spinner Can Acquireco deal

Student Transportation is pleased to announce that it has obtained a final court order from the Ontario Superior Court of Justice approving its previously announced arrangement with Spinner Can Acquireco Inc. , a company sponsored by Caisse de depot et placement du Quebec and Ullico Inc. The Arrangement is expected to close on or about Friday, April 27, 2018, subject to the satisfaction or waiver of all conditions to the Arrangement. Following completion of the Arrangement, STI will be de-listed from the TSX and the NASDAQ and applications will be made for STI to cease to be a reporting issuer in each of the provinces and territories of Canada. Pursuant to the terms of the Arrangement, each holder of common shares in the capital of the Company will receive US$7.50 in cash.

STB Student Transportation

06/02/17
NATB
06/02/17
DOWNGRADE
NATB
Sector Perform
Student Transportation downgraded to Sector Perform at National Bank
09/21/17
NATB
09/21/17
UPGRADE
NATB
Outperform
Student Transportation upgraded to Outperform at National Bank
National Bank upgraded Student Transportation to Outperform from Sector Perform.
02/28/18
RAJA
02/28/18
DOWNGRADE
RAJA
Market Perform
Student Transportation downgraded to Market Perform at Raymond James
Student Transport (STB) is being acquired by investors led by CDPQ for $7.50 per share in cash.
02/28/18
BRRR
02/28/18
DOWNGRADE
BRRR
Underperform
Student Transportation downgraded to Underperform from Outperform at Barrington
Barrington analyst Gary Prestopino double downgraded Student Transportation to Underperform from Outperform after the company agreed to be acquired by an investor group for $7.50 per share in cash. The pending transaction represents the mid-point of the analyst's previously published $7-$8 price target.

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