The cash reinvests more than $ 100M in TFI International

The deposit. Moreover, placement fund has delivered more than $ 100 million in TFI International, a Quebec trucking company that is going through a difficult period.

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In a document filed with the Securities and Exchange Commission, the American financial market gendarme, TFI revealed that the fund currently held just over 4.59 million of its actions. Similarly, This participation is currently worth more than $ 560 million.

This is an increase of more than a million actions compared to what the institution had at the end of 2024.

If the cash reinvests more than $ cash register has purchased in recent weeks, this is a transaction of around $ 120 million.

The action climbs

Investors reacted well to this disclosure, made on Monday after the markets are closed. The title won 2.4% on the New York Stock Exchange on Tuesday.

The title of TFI International has plumped more than 35% on the Toronto Stock Exchange since the start of the year. In recent months, the company’s profits have fell into reason, in particular, the drop in demand for cash reinvests more than $ its services.

With a participation of 5.5%, the fund is the third largest shareholder in TFI. The American investment giant Fidelity holds 6.9% of the company, while entities linked to the SCOTIA bank owned almost 5.9%.

In February. Quebecers’ lower wool opposed the will of the CEO of TFI International, Alain Bédard, to move the company’s headquarters to the United States. Mr. Bédard fell a few days later.