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An announcement from Tornado Global Hydrovacs ( (TSE:TGH) ) is now available.
Tornado Infrastructure Equipment Ltd. has completed a plan of arrangement with The Toro Company, resulting in the acquisition of all issued and outstanding Class ‘A’ common shares by Tornado Acquisition Company ULC, an affiliate of Toro, for $1.92 per share. As a result, Tornado’s shares are expected to be delisted from the TSX Venture Exchange, and the company has applied to cease being a reporting issuer in Alberta, Ontario, and British Columbia, marking a significant shift in its market presence.
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. is a leader in the vacuum truck industry, specializing in the design and manufacture of hydrovac trucks. The company also produces complementary vacuum and industrial equipment solutions through its subsidiary CustomVac, and operates a heavy-duty truck maintenance facility in Alberta. Tornado serves excavation service providers in the infrastructure, environmental, industrial construction, and oil and gas markets, with hydrovac excavation methods becoming a standard in North America.
Average Trading Volume: 133,772
Technical Sentiment Signal: Buy
Current Market Cap: C$265.8M
See more data about TGH stock on TipRanks’ Stock Analysis page.