CALGARY, Alberta, Dec. 22, 2020 (GLOBE NEWSWIRE) Rocky Mountain Equipment Alberta Ltd. (formerly Rocky Mountain Dealerships Inc.) (“
RME” or the “
Company”) (TSX: RME) is pleased to announce the completion of its previously announced acquisition by 2223890 Alberta Ltd. (“
AcquireCo”), which was implemented through a Court-approved plan of arrangement (the “
Arrangement”) under the
Business Corporations Act (Alberta). Under the Arrangement, AcquireCo acquired all of the issued and outstanding common shares of RME (the “
RME Shares”), other than certain shares held by interested parties, in exchange for $7.41 in cash for each such RME Share. As a result of the Arrangement, RME, AcquireCo and two of RME’s wholly-owned subsidiaries amalgamated to become “Rocky Mountain Equipment Alberta Ltd.”.
Rocky Mountain Dealerships Inc.: Rocky Mountain Announces 6% Price Increase Under Go-Private Transaction to $7.41 per Share and Significant Voting Support Agreements
Increased offer price in excess of the mid-point of the independent formal valuation range
Revised offer receives unanimous support from the Special Committee and the Board
Voting support agreements from over 32% of outstanding shares in favour of the transaction, including from founder and long-time former Board member Derek Stimson
Shareholders are urged to vote before the December 15
th
RME or the
Company ) announces that 2223890 Alberta Ltd. (
AcquireCo ) has agreed to increase the cash purchase price for all of RME s issued and outstanding common shares (the