Dear Shareholders:Total Logistics Inc • January 7th, 2005 • Public warehousing & storage
On behalf of the Board of Directors of Total Logistics, Inc. (the “Company”), I am pleased to inform you that on January 4, 2005 the Company entered into a definitive Agreement and Plan of Merger (the “Merger Agreement”) with SUPERVALU INC. (“Parent”) and Titan Acquisition Corp., a direct, wholly-owned subsidiary of Parent (“Offeror”), pursuant to which Offeror has today commenced a tender offer to purchase all of the outstanding Shares (the “Shares”) of the common stock of the Company at $28.50 per Share in cash without interest (the “Offer”).
CONFIDENTIALITY AND NON-COMPETE AGREEMENTConfidentiality and Non-Compete Agreement • January 7th, 2005 • Total Logistics Inc • Public warehousing & storage • Wisconsin
THIS CONFIDENTIALITY AND NON-COMPETE AGREEMENT (this “Agreement”) is made and entered into as of this 4th day of January, 2005, by and between TOTAL LOGISTICS, INC., a Wisconsin corporation (the “Company”), and JOHN BUONO, an individual adult resident of Wisconsin (the “Executive”).
