Titan Machinery rises on deal to buy Jaycox Implement assets
20/10/2021 18:13
** Shares of agricultural and construction equipment store
chain TITN.O up 4.2% at $28.3
** Co to acquire the assets of Jaycox Implement Inc, which
consists of three full-line agriculture dealerships of farm
equipment maker Case IH urn:newsml:reuters.com:*:nGNX4z1vFN
** Deal expected to close in December, and be immediately
accretive to earnings per diluted share
** In the trailing 12-month period ended June 30, Jaycox
generated revenue of about $91 mln - co
** Stock up about ~45% YTD
(Reporting by Sahil Shaw in Bengaluru)
((sahil.shaw@thomsonreuters.com))