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.

To read the full story please click on the link below:

http://www.canadianbusiness.com/markets/headline_news/article.jsp?content=b082990A

Yours,
Berlin Technologies