Clark Holdings Shareholders to Vote on Buyout

Logistics firm Clark Holdings is planning a special shareholders meeting to vote on a $5 million buyout proposal from Gores Group.

Clark, Trenton, N.J., received an offer of 46 cents a share on Sept. 1, which Clark management has recommended to shareholders. The offer was more than double the 17 cents per share price on Aug. 31.

The shareholder voting date hasn’t been set. Clark currently has 10.9 million shares outstanding.