Mullen Group Ltd. (TSX:MTL) entered into a letter of intent to acquire Containerworld Forwarding Services Inc. on January 17, 2024. Mullen Group will be funding the transaction from its existing credit lines. The LOI contemplates standard due diligence and the execution of a purchase and sale agreement, both of which have been initiated. The subject to regulatory approval and final closing conditions and the transaction expected to close in the second quarter of 2024. As of February 2, 2024, Mullen Group Ltd. (TSX:MTL) entered into a definitive agreement to acquire Containerworld Forwarding Services Inc. The transaction is expected to close on May 1, 2024.

Mullen Group Ltd. (TSX:MTL) completed the acquisition of Containerworld Forwarding Services Inc. on May 1, 2024.