Brandt Tractor Ltd. will acquire all of the issued and outstanding common shares of Cervus Equipment Corporation for $19.50 per share in cash, valuing Cervus at approximately $302 million on an equity value basis.
In today's newscast we have details on Titan Machinery's realignment, an update on Deere's high-speed planter, Cervus Equipment and Rocky Mountain Equipment's latest earnings reports and info on the Open Ag Data Alliance.
For the period ended March 31, Cervus Equipment Corp. (CVL), the publicly held John Deere dealership based in Calgary, reported its first-quarter revenue increased by 35.7% to $148.9 million from $109.8 million vs. the same period of 2012.
Cervus Equipment ("Cervus") (TSX: CVL) today announced that it has signed a non-binding letter of intent (LOI) that sets forth the basic preliminary terms of Cervus' purchase of a minority interest in Windmill Agricultural Unit Trust ("Windmill").
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.