10:47 AM EST - Toromont Industries Ltd. : said Wednesday that it has varied and extended its offer to acquire all of the outstanding trust units of Enerflex Systems Income Fund and all of the exchangeable limited partnership units of Enerflex Holdings Limited Partnership. Consistent with previous announcements, Toromont has increased its offer to $14.25 cash per unit or 0.5382 of a Toromont share plus $0.05 per unit, in each case subject to pro ration. The revised offer represents a premium of 42% to the closing price of Enerflex trust units on October 16, the day Toromont announced its proposal to enter into a business combination with Enerflex. The offer is now open for acceptance until 8:00 p.m. (Toronto time) on January 20. Toromont Industries Ltd.
shares T.TIH are trading down $0.03 at $27.39.
