Consumer Goods M&A » By The Online Investor Staff, updated Fri., Apr. 19, 4:22 AM
Recent mergers and acquisitions in the Consumer Goods M&A category.
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Slide #49. Cervus Equipment Corporation — Remaining shares of Windmill AG Pty Ltd. and additional Australian dealership
Acquirer:
Cervus Equipment Corporation (CVL.CA)
Acquiree:
Remaining shares of Windmill AG Pty Ltd. and additional Australian dealership
Details:
Cervus Equipment Corporation ("Cervus" or the "Company") (TSX: CVL) today announced that it has completed the acquisition of the remaining 46.7% interest in Windmill AG Pty Ltd. ("Windmill") that it did not already own. The purchase price of $1,654,290 (AUS$1,627,758 at $1.0163 Canadian per Australian dollar) was paid via the issuance of 67,483 common shares of Cervus at a deemed price of $22.59 per share and $129,840 cash (AUS$127,758 at 1.0163 Canadian per Australian dollar). Cervus also announced that it has acquired Western Farm Service Pty Ltd., a John Deere dealership located in Melbourne for a purchase price of $4,277,300 (AUS$4,205,000), subject to final closing adjustments.
Cervus Equipment is engaged in retailing of agricultural, construction and industrial equipment, parts and services in Western Canada and New Zealand. Co. operates 2 business segments, an Agricultural Equipment segment, and a Construction and Industrial Equipment segment. The Agricultural Equipment segment consists primarily of 21 John Deere dealerships with 15 in Alberta, Saskatchewan and British Columbia and 6 in New Zealand. The Construction and Industrial Equipment segment consists primarily of 15 dealerships, 5 Bobcat and JCB dealerships operating in Alberta and 10 Clark, Sellick, Nissan and Doosan material handling equipment dealerships operating in Alberta, Saskatchewan and Manitoba.
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