🔮 Better than the Oracle? Our Fair Value found this +42% bagger 5 months before Buffett bought itRead More

BRIEF-Black Diamond announces acquisition of Vancouver area rental fleet for $1.3 mln

Published 2016-10-03, 08:26 a/m
© Reuters.  BRIEF-Black Diamond announces acquisition of Vancouver area rental fleet for $1.3 mln
BDI
-

Oct 3 (Reuters) - Black Diamond Group Ltd BDI.TO :

* Deal for $1.3 million

* Cash purchase price and capital commitments will be funded from black diamond's available cash and borrowing facilities.

* Black diamond is increasing its previously announced $10.0 million 2016 capital expenditure plan to $15.0 million

* Black diamond group announces the strategic acquisition of vancouver area rental fleet

* Concurrent with acquisition, black diamond signed a commitment to purchase $1.4 million of new manufactured assets from shelter Source text for Eikon: ID:nCCN5g0zpj Further company coverage: BDI.TO

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.