Quotation of Chalmers (ASX:CHR) is set to be suspended today as fellow logistics company Qube makes a compulsory take-over bid.
Sydney-based Qube said it was offering Chalmers shareholders the option to either receive 2.31 Qube shares for their shares, or $6.50 in cash.
The Offer closed yesterday evening.
On 29 July 2019, Qube announced that it had acquired a relevant interest in more than 90 per cent of Chalmers shares as a result of acceptances received under the Offer.
Founded in 1882, Chalmers offers logistics and transport operations, with cargo container parks near the ports in Melbourne and Brisbane and a fleet of 100 trucks.
Shares in Chalmers (ASX:CHR) last traded at $7.10 on 5th of August.