Tornado Infrastructure Equipment Securityholders Approve Arrangement With the Toro Company

Core Points - Tornado Infrastructure Equipment Ltd. announced that at a special meeting, securityholders voted in favor of a special resolution for a plan of arrangement involving the Company, The Toro Company, and Tornado Acquisition Company ULC [1] - The plan involves the Purchaser acquiring all issued and outstanding Class "A" common shares of Tornado for cash consideration of CAD $1.92 per share [1] Company Summary - Tornado Infrastructure Equipment Ltd. is set to undergo a significant transaction with The Toro Company and its affiliate, indicating a strategic move in the market [1] - The approval from securityholders reflects strong support for the arrangement, which may enhance shareholder value through the cash acquisition [1]