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Tornado Global Hydrovacs ( (TSE:TGH) ) has shared an announcement.
Tornado Infrastructure Equipment Ltd. has entered into a definitive agreement to be acquired by The Toro Company for CAD $1.92 per share, valuing Tornado at approximately CAD $279.3 million. This acquisition follows an extensive strategic review process aimed at maximizing shareholder value, with the transaction offering a premium over recent trading prices and providing immediate liquidity to shareholders. The deal is supported by major shareholders and directors, and has been deemed fair by financial advisors.
The most recent analyst rating on (TSE:TGH) stock is a Buy with a C$2.80 price target. To see the full list of analyst forecasts on Tornado Global Hydrovacs stock, see the TSE:TGH Stock Forecast page.
More about Tornado Global Hydrovacs
Tornado Infrastructure Equipment Ltd. operates in the infrastructure equipment industry, specializing in the production of hydrovac trucks. The company focuses on providing advanced solutions for excavation and infrastructure maintenance, catering to a wide range of market needs.
Average Trading Volume: 90,168
Technical Sentiment Signal: Buy
Current Market Cap: C$256.1M
For an in-depth examination of TGH stock, go to TipRanks’ Overview page.