Transcontinental Acquires PLM Group Shares

MONTREAL—Shareholders of PLM Group have tendered nearly 98 percent of the company’s outstanding stock under the proposed offer by Transcontinental Inc. In August, Transcontinental announced its intention to acquire PLM Group for $3.50 per share.

Founded in 1987, PLM has 470 employees in the Greater Toronto Area and reported revenues of $126 million in 2006.