Wajax to buy rival Tundra for $99M
The Canadian Press A welder fabricates a steel structure at an iron works facility in Ottawa on Monday, March 5, 2018. , THE CANADIAN PRESS/Sean Kilpatrick
CALGARY - Shares in industrial equipment and services provider Wajax Corp. are rising after it announced the acquisition of privately held Tundra Process Solutions Ltd. for $99.1 million.
The offer for its Calgary-based rival consists of $74.6 million in cash and 1.36 million Wajax shares in a deal is expected to close in early 2021.
Wajax shares rose by as much as 75 cents or 4.5 per cent to $17.31 in early trading on the Toronto Stock Exchange.
Industrial equipment and services provider Wajax to buy Tundra for $99 million
by The Canadian Press
Last Updated Dec 31, 2020 at 12:14 pm EDT
CALGARY Shares in industrial equipment and services provider Wajax Corp. are rising after it announced the acquisition of privately held Tundra Process Solutions Ltd. for $99.1 million.
The offer for its Calgary-based rival consists of $74.6 million in cash and 1.36 million Wajax shares in a deal is expected to close in early 2021.
Wajax shares rose by as much as 75 cents or 4.5 per cent to $17.31 in early trading on the Toronto Stock Exchange.
Mark Foote, CEO of Mississauga, Ont.,-based Wajax, says Tundra’s leadership in process control products and service for oil and gas, mining and forestry industries fits well with his company’s engineered repair service, equipment and parts business in Western Canada, adding the acquisition will also add to its offerings across the rest of Canada.
December 31, 2020 - 9:00 AM
CALGARY - Shares in industrial equipment and services provider Wajax Corp. are rising after it announced the acquisition of privately held Tundra Process Solutions Ltd. for $99.1 million.
The offer for its Calgary-based rival consists of $74.6 million in cash and 1.36 million Wajax shares in a deal is expected to close in early 2021.
Wajax shares rose by as much as 75 cents or 4.5 per cent to $17.31 in early trading on the Toronto Stock Exchange.
Mark Foote, CEO of Mississauga, Ont.,-based Wajax, says Tundra s leadership in process control products and service for oil and gas, mining and forestry industries fits well with his company s engineered repair service, equipment and parts business in Western Canada, adding the acquisition will also add to its offerings across the rest of Canada.
Industrial equipment and services provider Wajax to buy Tundra for $99-million theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
CALGARY - Shares in industrial equipment and services provider Wajax Corp. are rising after it announced the acquisition of privately held Tundra Process Solutions Ltd. for $99.1 million.
CALGARY - Shares in industrial equipment and services provider Wajax Corp. are rising after it announced the acquisition of privately held Tundra Process Solutions Ltd. for $99.1 million.
The offer for its Calgary-based rival consists of $74.6 million in cash and 1.36 million Wajax shares in a deal is expected to close in early 2021.
Wajax shares rose by as much as 75 cents or 4.5 per cent to $17.31 in early trading on the Toronto Stock Exchange.
Mark Foote, CEO of Mississauga, Ont.,-based Wajax, says Tundra s leadership in process control products and service for oil and gas, mining and forestry industries fits well with his company s engineered repair service, equipment and parts business in Western Canada, adding the acquisition will also add to its offerings across the rest of Canad