Vitran Corporation to be Acquired by Manitoulin Transport for $6.00/Share in Cash

Vitran Corporation (Nasdaq: VTNC ) announced today that it has entered into a definitive arrangement agreement under which 2398946 Ontario Inc., an affiliate of Manitoulin Transport Inc. ("Manitoulin Transport"), will acquire all of the issued and outstanding shares of Vitran for US$6.00 in cash per share. The total transaction,