Markets

Rocky Mountain Dealerships Announces Agreement to Buy Manitoba Agriculture Equipment Dealership; Shrs Hit Yr Highs Thursday

Rocky Mountain Dealerships Inc. (RME.TO), which hit year highs Thursday, announced today that it has entered into an agreement to purchase 100% of the issued and outstanding shares of MJ Solomon Ltd., operating as 'Murray's Farm Supplies', a dealer of various equipment brands including Bourgault, MacDon, and other short-lines. Murray's operates two dealerships located in Shoal Lake and Russell, Manitoba. No financial details were provided.

For the most recent fiscal year, Murray's had revenues of approximately $15 million. This acquisition is expected to close effective February 1, 2013, and be completed through existing cash or credit facilities.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos