Daseke Sued Over TFI International Buyout Proxy Post-Stock Spike

Daseke Inc. and its directors omitted key details from a proxy statement filed ahead of TFI International Inc.’s proposed acquisition of the trucking company, a shareholder complaint says.

The proxy was filed last month without key background details about the proposed $1.1 billion deal, potential conflicts of interest, or certain projections and analyses used by financial adviser J.P. Morgan Securities LLC, according to the complaint filed Monday in US District Court for the Southern District of New York.

Daseke shareholders are scheduled to vote March 26 on the proposed acquisition, which would pay out $8.30 per share, but they ...