Dec 22 (Reuters) - Canadian logistics firm TFI International said on Friday it had agreed to acquire Daseke, in a deal valued at about $1.1 billion.
Daseke specialises in heavy haul transportation in North America, operating a fleet of more than 4,500 tractors and 10,500 flatbeds.
As per the terms agreed, Daseke shareholders will receive $8.30 per share in cash, which represents a premium of 69% on the stock's last close.
The deal is expected to be funded through cash and financing facilities, TFI International said.
(Reporting by Abhinav Parmar in Bengaluru; Editing by Anil D'Silva and Shweta Agarwal)