GREY:RUTFF - Post by User
Post by
waIlabe_shorton Jan 01, 2010 10:29am
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Post# 16631049
Sounds like they're in a RUT
Sounds like they're in a RUTPurchaser Cancels Agreement to Acquire Building
ST. JOHN'S, Dec. 31 /CNW/ - Today,Rutter Inc. (TSX: RUT) announced the termination by the purchaser of anagreement for the sale of its Brookfield Road office building, asannounced in a press release on November 27, 2009. Theoriginal agreement was subject to financing which the purchaser has nowformally advised it has been unable to secure. Rutter will continue toreview the options to sell or refinance the building as part of itsoverall strategy to reduce debt.
About Rutter Inc. - Rutter is an enterprise focused on providinginnovative technologies and engineering solutions. Rutter's globalnetwork supplies technologies to improve efficiency and safety in themarine, defense, transportation, oil and gas sectors from itsheadquarters in the Province of Newfoundland and Labrador.Multidisciplinary consulting engineering services including civil,structural, mechanical and electrical engineering (other thanautomation engineering) as well as environmental and constructionmanagement services are provided to a diverse client base whichincludes all levels of government and the oil and gas and industrialsectors.