MONTREAL, March 29 /CNW Telbec/ - The Caisse de dépôt et placement du
Québec ("Caisse") announces that it has acquired, by private placement,
1,867,500 common shares of Student Transportation of America Ltd. (TSX: STB)
("STA") at a price of $6.65 per share, for an aggregate subscription price of
$12,418,875, representing 8.99% of the common shares outstanding of STA.
Caisse presently holds 2,000,000 income participating securities ("IPS
units") of Student Transportation of America ULC ("STA ULC"). Each IPS unit
consists of one common share of STA and $3.847 principal amount of 14%
subordinated debt of STA ULC.
Following this transaction, if Caisse were to separate all of its IPS
units into the common shares and subordinated notes represented thereby, its
participation would represents a total of 3,867,500 common shares of STA, or
16.99% of the common shares outstanding on a partially diluted basis.
This transaction was made for investment purposes and Caisse could
increase or decrease its investments in STA depending on market conditions or
any other relevant factor.
For further information:
For further information: Annie Vallières, Media Relations, Caisse de
dépôt et placement du Québec, (514) 847-5493