GFM Network News

Court approves Morris Industries' sale to Rite Way

Seeding equipment manufacturer Morris Industries has been approved for sale to another Saskatchewan manufacturer -- minus its Yorkton manufacturing plant, which is not part of the sale and is now expected to close by year's end. Judge Shawn Smith of Court of Queen's Bench in Saskatoon on Friday approved the sale of Morris to a[...]

Equipment dealer chain Rocky Mountain to go private

Canada's biggest farm equipment dealership chain has made a deal to take itself private after almost 13 years on the TSX. Rocky Mountain Dealerships (RME) announced Monday it has an agreement in place with a numbered Alberta company controlled by CEO Garrett Ganden and board chairman Matthew Campbell, for 100 per cent of RME at[...]

Court approval sought for Morris Industries sale

The court overseeing creditor protection for seeding equipment maker Morris Industries is being asked to approve a deal for the company's sale to another Saskatchewan manufacturer. Calgary consultancy Alvarez and Marsal, the court-appointed monitor for Morris, said Tuesday in its latest report to Court of Queen's Bench in Saskatoon it recommends approval of a sale[...]

Rite Way proposes to buy Morris Industries

Cash-crunched seeding equipment maker Morris Industries has been handed a letter of intent to purchase, from a Saskatchewan suitor with a farm equipment company of its own. Calgary consultancy Alvarez and Marsal said in a report Tuesday it received a letter of intent for a "proposed sale transaction" from Superior Farms Solutions Ltd. (SFSL), the[...]

Editors' Picks: U.S. house cat catches H1N1

A 13-year-old indoor cat in Iowa is confirmed to have had and recovered from pandemic H1N1 influenza, marking another species crossover for the virus. "Two of the three members of the family that owns the pet had suffered from influenza-like illness before the cat became ill," veterinarian Dr. Ann Garvey of the Iowa Department of[...]