Thursday, Trinity Industries Inc. (TRN) commenced a tender offer by its subsidiary, THP Merger Co., for all outstanding shares of common stock of Quixote Corp. (QUIX) for $6.38 per share, net to the seller in cash, without interest. The offer is made following an Offer to purchase and in connection with the Agreement and Plan of Merger by and among Trinity Industries Inc., THP Merger Co., a subsidiary of Trinity and Quixote Corp.
The tender offer is scheduled to expire on February 4, 2010, unless the tender offer is extended. Following the completion of the tender offer Trinity Industries, Inc. expects to consummate a merger in which remaining Quixote stockholders will receive the same $6.38 cash price per share, without interest, as paid in the tender offer.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.