Wajax Announces Acquisition of Tundra Process Solutions
TORONTO , Dec. 30, 2020 /CNW/ - Wajax Corporation (" Wajax " or the " Corporation ") today announced that it has entered into a definitive agreement (the " Definitive Agreement ") to acquire all of the issued and outstanding shares of Calgary, Alberta -based Tundra Process Solutions Ltd. (" Tundra ") for total consideration of $99.1 million . Pursuant to the terms of the Definitive Agreement, the purchase price for the Tundra shares will be satisfied by the payment in cash of $74.6 million and the issuance of 1,357,142 common shares of Wajax