/CNW/ - Westcap Mgt. Ltd. ("Westcap") is pleased to announce its recent investment in Rocky Mountain Equipment ("RME" or the "Company"). The transaction was.
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On December 22, 2020, Rocky Mountain Equipment Alberta Ltd.
(formerly Rocky Mountain Dealerships Inc.) ( RME ) (TSX:
RME) announced 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
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 shareholders approve go-private deal
by The Canadian Press
Last Updated Dec 17, 2020 at 7:12 pm EDT
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.
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.
December 17, 2020 - 3:57 PM
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.
The deal with the private company, which is controlled by chairman Matthew Campbell and CEO Garrett Ganden, values Rocky Mountain Dealerships at $144 million â or $195 million including debt net of cash and lease obligations, and excluding floor plan payables.
The Calgary-based company says it is the largest farm equipment dealer in Canada with 36 locations in Alberta, Saskatchewan and Manitoba.