Articles Tagged with ''Alamo Group Inc.''

Bandit Industries Enters into Letter of Intent to be Acquired by Alamo Group Inc.

Bandit Industries announced that it has entered into a letter of intent with Alamo Group Inc. (NYSE:ALG) pursuant to which Alamo Group would acquire Bandit Industries. The acquisition contemplated by the letter of intent has received regulatory approval under the Hart Scott Rodino Act. Consummation of the acquisition is subject to certain other pre-closing requirements. The acquisition of Bandit by Alamo would allow Bandit Industries to better capitalize on the rapid growth the company has experienced in the last three years while also preserving the Bandit legacy built over the last 30 years.
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Alamo Group Acquires Tenco Group

Alamo Group Inc. announced that effective yesterday it has acquired substantially all of the assets and business of Tenco Group Inc. and its subsidiaries. (Tenco?), a Canadian based manufacturer and distributor of snow and ice removal equipment, for approximately CDN $6 million in cash, plus the assumption of certain specified liabilities and subject to post closing adjustments.
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