Sunday, August 31, 2008

Wajax acquires Weir Process Equipment, increases monthly distributions

The Canadian Press reports that Wajax Income Fund (TSX:WJX.UN) says it will acquire Weir Process Equipment, a distributor of pumps and equipment to the energy sector, for $25.4 million. The Toronto-based distributor of mobile equipment, industrial components and power systems also said it was hiking its monthly distribution by a penny to 36 cents.

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