Opérations et transactions|21 juin 2013
Marcopolo S.A. makes C$116 million strategic investment in New Flyer
Torys acted as counsel to New Flyer with a team that included Mike Amm, Rima Ramchandani, Paulina Taneva and Jessica Palter.
On January 23, 2013, New Flyer Industries Inc. (New Flyer) announced that Marcopolo S.A. has agreed to make a strategic investment of C$116 million to acquire 11,087,834 newly issued common shares, representing a 19.99% stake in New Flyer. Each common share was issued at a price of C$10.50 per share. The investment was completed in two tranches with the last tranche being issued on June 21, 2013.
New Flyer used the proceeds of the investment in connection with its acquisitions of North American Bus Industries, Inc. and the part business conducted by Orion.
New Flyer Industries Inc. is a leading manufacturer of heavy-duty transit buses in Canada and the United States and a market and technology leader, offering drive systems powered by clean diesel, natural gas and electric trolley as well as energy-efficient diesel-electric hybrid vehicles.
Marcopolo S.A. is a leading manufacturer of buses with operations worldwide.
Further information can be found on New Flyer's website.
New Flyer used the proceeds of the investment in connection with its acquisitions of North American Bus Industries, Inc. and the part business conducted by Orion.
New Flyer Industries Inc. is a leading manufacturer of heavy-duty transit buses in Canada and the United States and a market and technology leader, offering drive systems powered by clean diesel, natural gas and electric trolley as well as energy-efficient diesel-electric hybrid vehicles.
Marcopolo S.A. is a leading manufacturer of buses with operations worldwide.
Further information can be found on New Flyer's website.