Highest-materiality recent filing
Toro completes CAD $279M acquisition of Tornado; authorizes new 6M share buyback
Acquired Tornado Infrastructure Equipment (TSX-V: TGH) for CAD $1.92/share, total equity value $279M CAD.
Toro completes $279M CAD acquisition of Tornado; authorizes new 6M share buyback
Completed acquisition of Tornado Infrastructure Equipment Ltd. for CAD $1.92/share, total equity value $279M CAD.
Toro agrees to acquire Tornado Infrastructure for CAD $279M ($1.92/share)
Total fully diluted equity value of CAD $279 million; CAD $1.92 per share.
Toro authorizes new 4M-share repurchase program; total authorization 8.17M shares
Board authorized a new stock repurchase program of up to 4,000,000 additional shares on December 10, 2024.
Toro enters $1.1B credit agreement: $200M term loan funded, $900M revolver
Five-year unsecured facilities: $200M term loan (fully funded Oct 2, 2024) and $900M revolving credit facility.
On December 12, 2023, the Board of Directors (the “Board”) of The Toro Company (“TTC”) increased the number of directors constituting the Board from nine to ten and elected Dianne C. Craig to the Board and to the Audit Committee and Finance Committee of the Board, effective January 1, 2024.
On May 22, 2023, Jeffrey M. Ettinger, a director of The Toro Company (“TTC”), notified TTC of his resignation as a member of the Board of Directors (the “Board”), effective as of May 23, 2023.
On May 15, 2023, Michael G. Vale, a director of The Toro Company (“TTC”), resigned as a member of the Board of Directors of TTC, effective immediately.
Max materiality 0.75 · Median 0.30 · Most common event earnings