03:41 PM EST - Cervus Equipment Corp. : announced that it has completed the previously announced acquisition of the business assets of Frontier Peterbilt Sales Ltd., the business of Frontier Collision Center Ltd. and certain properties from Frontier Developments Ltd. Cervus acquired the net assets for approximately $33 million including $14.4 million for the land and buildings from FDL through a vendor take back mortgage of $13.4 million and $19.6 million in cash. Cervus Equipment Corp.
shares T.CVL are trading up $0.25 at $18.40.
