Industrial equipment and services provider Wajax to buy Tundra for $99 million | iNFOnews
December 31, 2020 - 9:00 AM CALGARY - Shares in industrial equipment and services provider Wajax Corp. are rising after it announced the acquisition of privately held Tundra Process Solutions Ltd. for $99.1 million. The offer for its Calgary-based rival consists of $74.6 million in cash and 1.36 million Wajax shares in a deal is expected to close in early 2021. Wajax shares rose by as much as 75 cents or 4.5 per cent to $17.31 in early trading on the Toronto Stock Exchange. Mark Foote, CEO of Mississauga, Ont.,-based Wajax, says Tundra's leadership in process control products ...