Industry News

Cervus Equipment Announces Cash Dividend

Cervus Equipment Corp. (Cervus) John Deere's largest dealer group handling its ag equipment in Western Canada, announced that the board of directors of Cervus has approved a cash dividend to Cervus shareholders of $0.19 per share for the fourth quarter of 2012.
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Cervus Equipment Posts 25.6% Revenue Gain in 3Q

Cervus Equipment Corp. (CVL), one of John Deeres largest ag equipment retailers in Western Canada, late yesterday reported its third-quarter 2012 revenue grew by $47.8 million or 25.6% to $234.7 million when compared to the same quarter of 2011. Same store sales increased $17.6 million or 9.4%.
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Titan Machinery Receives Approval for Case IH Agricultural Product Distribution in Ukraine

Titan Machinery Inc. (NASDAQ:TITN) announced today that it has received approval from CNH International SA to form a subsidiary of Titan Machinery Inc., Titan Machinery Ukraine, Ltd., to serve as a Case IH distributor of agricultural products in the Kiev, Zhitomir, Chernigov and Vinnitsa regions of Ukraine. The company expects to open new dealerships in these regions.
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Titan Machinery Passes 100 Dealership Mark in U.S. with Agreement to Acquire Toner's Inc.

Titan Machinery Inc. announced today that it has entered into an agreement to acquire Toner’s Inc., which consists of three Case IH agricultural equipment dealerships located in Grand Island (currently “Toner’s Inc.”), Broken Bow (currently “Red Line Equipment”) and Ord (currently “Ord Equipment”), Nebraska. The acquisition is expected to close on or around November 1, 2012.
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