Today before the bell, Tri-Star Holdings, Inc. announced that it has been in discussions with UC Hub Group, Inc. (UCHBE.OB) regarding the possibility of a merger/acquisition. Tri-Star management initiated the negotiations with the goals of achieving enhanced transparency and shareholder value, access to human resources and infrastructure, and to facilitate future acquisitions.
According to the press release, the companies are in preliminary stages and any merger or acquisition would remain pending the execution of definitive agreements. The company has received a memorandum from UC Hub Group, Inc. and will announce future developments and/or terms of agreement via press release and on the Tri-Star website.
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