Business
Rocky Mountain Dealerships Inc. announces proposed acquisition
CALGARY, June 19 /CNW/ - Rocky Mountain Dealerships Inc. ("Rocky Mountain" or the "Company") anno...
About this update from Roland Mineral Enterprises Corp.
[{"type":"text","content":"\n\n\n\nCALGARY, June 19 /CNW/ - Rocky Mountain Dealerships Inc. ("Rocky\nMountain" or the "Company") announces that it has entered into a Letter of\nIntent with the shareholders of Miller Farm Equipment (2005) Inc. ("Miller\nInc.") to purchase all the shares of Miller Inc. Miller Inc. carries on a Case\nIH agricultural dealership business through six locations, five of which are\nin Manitoba and one in Saskatchewan representing revenues in excess of\n$100 million (Cdn.) in 2007. The purchase price shall be approximately\none-half cash and one-half Rocky Mountain shares with the cash portion\navailable from existing facilities. The deal is expected to close on or about\nJuly 31, 2008. The closing of the transaction will be subject to normal\nclosing conditions and approval from Case IH.\n\n\nCommenting on the Company's acquisition, Matt Campbell, CEO of Rocky\nMountain said: "The acquisition of Miller Farm Equipment (2005) Inc. is an\nimportant step in our strategy to significantly grow our agricultural\nequipment business at Rocky Mountain. In addition, we are excited to welcome\nthe owners of the Miller Inc. business to the Rocky Mountain executive team\nand look forward to working with them to pursue the numerous opportunities\nassociated with this strategic and accretive acquisition."\n\n\nAbout Rocky Mountain\n\n\nRocky Mountain represents one of Canada's largest agriculture and\nconstruction equipment dealerships with 14 dealership branches located\nthroughout Alberta. Rocky Mountain sells, rents and leases new and used\nconstruction and agriculture equipment, including the Case Construction and\nCase IH Agriculture brands, as well as offering product support and finance\nand insurance products to its customers.\n\n\nAdditional information on Rocky Mountain is available on our website at\nwww.rockymtn.com and on SEDAR at www.sedar.com. The Common Shares of Rocky\nMountain trade on the Toronto Stock Exchange under the symbol "RME".\n\n\nForward Looking Information\n\n\nCertain statements contained in this press release, including statements\nrelated to the expectation that the transaction will close, and that the\ntransaction should be accretive and other statements that contain words such\nas "could", "should", "can", "anticipate", &q...