Winnipeg Free Press By: The Canadian Press
CALGARY - Rocky Mountain Dealerships Inc. says shareholders have voted in favour of a deal to take the company private.
CALGARY - Rocky Mountain Dealerships Inc. says shareholders have voted in favour of a deal to take the company private.
The company says 72.3 per cent of shareholder votes in a virtual meeting were in favour of the deal to allow a numbered company to buy outstanding shares for $7.41 apiece.
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The deal with the private company, which is controlled by chairman Matthew Campbell and CEO Garrett Ganden, values Rocky Mountain Dealerships at $144 million or $195 million including debt net of cash and lease obligations, and excluding floor plan payables.
Rocky Mountain Dealerships bumps up go-private offer price after investor meetings 680news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 680news.com Daily Mail and Mail on Sunday newspapers.
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
CALGARY - Rocky Mountain Dealerships Inc. says the cash price being offered for its shares under a go-private transaction led by its chairman and CEO is being enriched by about six per cent.
Rocky Mountain Dealerships bumps up go-private offer price after investor meetings - Medicine Hat NewsMedicine Hat News medicinehatnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from medicinehatnews.com Daily Mail and Mail on Sunday newspapers.