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Traxion shares rise on proposed voluntary tender offer plan

A founder-linked firm announced plans to launch a voluntary tender offer for up to 100% of Traxion’s outstanding shares.

TRAXIONA

Shares of Mexican logistics and transportation company Traxion BMV:TRAXION/A rose on Tuesday after a company linked to co-founder Aby Lijtszain said it plans to launch a voluntary tender offer for up to 100% of the company's outstanding shares.