RDO Equipment Announces Increased Offer from Offutt

Fargo, N.D.-based RDO Equipment received an updated letter from Ronald Offutt, its chairman of the board and CEO, proposing to acquire at a purchase price of $6.01 per share all of the outstanding shares of the Class A common stock of the company that Offutt does not currently own or control. This represents a substantial increase from the $5.22 to $5.66 per share price range originally proposed by Offutt and is the result of discussions and negotiations between Offutt and the Special Committee of non-management directors that was formed to review and evaluate the offer.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.