Canada's Toromont to buy Caterpillar dealer Hewitt for C$1.02 bln
Canada`s Toromont Industries Ltd said on Monday it would buy Hewitt Group, a dealer of Caterpillar Inc heavy equipment, for about C$1.02 billion in cash and shares.
Toromont will pay Hewitt C$917.7 million in cash and 2.25 million Toromont shares, the company said on Monday.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.