Toro Company to Acquire Tornado Infrastructure Equipment for $1.92 per Share

Reuters12-02

Toro Company to Acquire Tornado Infrastructure Equipment for $1.92 per Share

A definitive agreement has been reached under which a subsidiary of The Toro Company will acquire all outstanding Class "A" common shares of Tornado Infrastructure Equipment Ltd. for CAD $1.92 per share in an all-cash transaction, valuing the deal at approximately CAD $279.3 million. Upon completion, Tornado will become an indirect wholly-owned private subsidiary of The Toro Company. The transaction remains subject to approval by Tornado securityholders and other customary approvals, with a special meeting scheduled for December 2, 2025, to consider the proposal.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tornado Infrastructure Equipment Ltd. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1113092) on December 01, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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