* Offer price of $21.25/shr a 39 pct premium
* Dynamex to go private after deal closes
* Deal to close in Q4 2010 or Q1 2011
* Dynamex shares up 17.5 pct in extended trade
Oct 1 Logistics services provider Dynamex Inc
DDMX.O said transportation and logistics focused private
equity firm Greenbriar Equity Group agreed to acquire it for
about $210 million in cash.
Dynamex provides both scheduled and on-demand delivery of
time-sensitive items such as medical supplies, financial
documents, and office products.
The offer price of $21.25 a share is a 39 percent premium
to Dynamex's Friday close of $15.31.
Following completion of the deal, Dynamex will no longer
trade publicly and will be wholly owned by affiliates of
Greenbriar, the company said.
The transaction is expected to close in the fourth calendar
quarter of 2010 or the first calendar quarter of 2011, Dynamex
Stephens Inc acted as financial adviser, and Weil, Gotshal
& Manges LLP acted as legal adviser, to Dynamex, the company
Shares of Dynamex rose 17.5 percent to $18 in trading after
the bell. They closed at $15.31 Friday on Nasdaq. They have
risen 11 percent in less than a month.
(Reporting by Divya Sharma in Bangalore; Editing by Jarshad