Tagged TIH

Enerflex Spinoff Terms Set

(See earlier posts dated 2/24/11 and 11/9/10 on Enerflex spinoff) TORONTO, ONTARIO–(Marketwire – June 1, 2011) – Toromont Industries Ltd. is pleased to announce that the plan of arrangement to spin off Toromont’s natural gas compression business, Enerflex Ltd., was completed effective today. The spinoff was approved by 99.9% of shareholders voting at Toromont’s special meeting…

Toromont Ind Spinoff in the Works

OTTAWA, Feb 24 (Reuters) – Canadian industrial equipment supplier Toromont Industries Ltd (TIH.TO) reported a 13 percent increase in quarterly profit on Thursday and said a healthy backlog of business supports a positive outlook for 2011. The company, which sells, rents and services a broad range of Caterpillar Inc (CAT.N) heavy-construction and industrial equipment, said…

Toromont to Spin Off Enerflex Subsidiary

TORONTO, ONTARIO — (MARKET WIRE) — 11/08/10 — Toromont Industries Ltd. (TSX: TIH) today announced its Board of Directors has unanimously approved a proposal to spin off to its shareholders Enerflex Ltd., a market leading supplier of natural gas production & processing equipment, as a separate, publicly traded company. The spinoff is designed to enhance…