Article: Versacold agrees to acquisition by Eimskip.(Warehouses)(Versacold Income Fund)(Brief article)

Versacold Income Fund has announced its trustees' support of a $525-million deal with Icelandic HF Eimskipafelag Islands subsidiary Eimskip Holdings Inc.

Eimskip, which took over Atlas Cold Storage Income Trust for $583 million this past October, will acquire all of the outstanding trust units of the Fund for cash at a price of $12.25 per unit in the take-over bid.

HF Eimskipafelag Islands, one of the largest companies in Iceland, has about 10,000 employees in 30 countries, operating 50 ships, 100 cold-storage ...

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