Rocky Mountain Dealerships shareholders approve go-private d

Rocky Mountain Dealerships shareholders approve go-private deal


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.

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