Rocky Mountain Dealerships Inc. has announced the expiration of the 35‐day go‐shop period provided for in the arrangement agreement dated Nov. 1, 2020, between RME and AcquireCo, pursuant to which AcquireCo will acquire all of the issued and outstanding common shares of RME held by RME shareholders.
Rocky Mountain Dealerships ("RME") and AcquireCo, an entity controlled by Matthew Campbell, chairman of the Board of Directors of RME and Garrett Ganden, president and CEO of RME, are pleased to announce that they have entered into an arrangement agreement pursuant to which AcquireCo will acquire all of the issued and outstanding common shares of RME.
Third quarter total sales increased by $16,927, or 9.2%, to $200,994 from $184,067 during the same period in 2019, due to higher sales in all categories.
The dealer network reported total sales of $134 million dollars in the first quarter of 2020, down $44 million compared to $178 million reported in the first quarter of 2019, a decline of 25%.
Rocky Mountain Dealerships (TSX:RME), Canada's largest agriculture equipment dealer, announced an update with respect to the impact from the COVID-19 virus outbreak on its current operations.
Rocky Mountain Dealerships (RME) reported on March 11 that its fourth quarter 2019 sales declined 26%, which was just slightly better than full year results that saw sales drop by 26.3%.
Rocky Mountain Dealerships Inc., announced that as part of its ongoing efforts to rationalize its cost structure, it has initiated proceedings to voluntarily delist the common shares of RME from the OTCQX International marketplace.
According to RME, once seeding was completed, market sentiment turned sharply negative as a result of broad macro-economic and political uncertainty coupled with significantly reduced sales across all departments.
Solid contributions from the parts and service business were a good news story in first quarter, wherein many of the regions within RME's sales territory experienced unseasonably cold winter conditions.
Two years ago in this space, the discussion centered on “Margin or Volume?” It appears this may deserve some more attention as dealers continue to confront this age-old retail battle.
In this episode we look at the potential impact Hurricanes Helene and Milton will have on ag production as well as the dealers and manufacturers in the impacted region.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
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