Tuesday, May 28, 2019

NFI Group Acquires U.K.-based Peer Alexander Dennis In $405 Mln Deal

Bus and coach manufacturer NFI Group Inc. (NFI.TO) on Tuesday acquired U.K.-based peer Alexander Dennis Ltd. or ADL for a total transaction value of 320 million British pounds or about $405 million on a cash-free, debt-free basis, subject to certain adjustments. The acquisition complements NFI's product offering, diversifies its business model and creates a platform for international growth.

from RTT - Earnings http://bit.ly/2woHsQu
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