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The latest update is out from Tornado Global Hydrovacs ( (TSE:TGH) ).
Tornado Infrastructure Equipment Ltd. announced that two leading independent proxy advisory firms have recommended that its securityholders vote in favor of the Arrangement Resolution at the upcoming Special Meeting. The company’s CEO, Brett Newton, expressed satisfaction with the support from over 70% of securityholders, reinforcing the board’s unanimous recommendation to vote for the resolution. This development highlights the company’s strong backing from stakeholders and could positively impact its strategic decisions and market positioning.
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, through its subsidiary CustomVac, offers complementary vacuum and industrial equipment solutions, including units for transporting dangerous goods, and provides maintenance and field services. Tornado serves excavation service providers in infrastructure, environmental, industrial construction, and oil and gas markets, with hydrovac methods becoming a standard in North America for safe excavation.
Average Trading Volume: 141,563
Technical Sentiment Signal: Buy
Current Market Cap: C$263M
Find detailed analytics on TGH stock on TipRanks’ Stock Analysis page.