Buhler Industries ( (TSE:BUI) ) has issued an announcement.
Buhler Industries Inc. has completed an amalgamation with a subsidiary of ASKO Sinai ve Teknoloji Üretim Sanayi Ticaret Anonim Şirketi, forming a new entity that retains the name Buhler Industries Inc. This move, approved by a vast majority of shareholders, results in the conversion of public shares into redeemable preferred shares, subsequently redeemed for cash. The company plans to delist from the Toronto Stock Exchange and cease being a reporting issuer under Canadian securities laws, indicating a strategic shift in its market presence.
More about Buhler Industries
Buhler Industries Inc., headquartered in Winnipeg, Manitoba, Canada, is a publicly traded company on the TSX. It manufactures and distributes agricultural equipment through brands like Versatile, which offers tractors and tillage, and Farm King, which provides augers, mowers, and other implements. With facilities in Canada and the U.S., Buhler Industries has been a significant player in the agricultural sector for nearly a century, employing over 800 Canadians.
YTD Price Performance: 131.27%
Average Trading Volume: 1,981
Technical Sentiment Signal: Sell
Current Market Cap: C$182.1M
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