Wittke agrees to takeover by Federal Signal

CALGARY, Alberta, Aug 15 Reuters reported that Wittke Inc., a Canadian truck equipment maker, said on Thursday it had agreed to be purchased by Federal Signal Corp., a U.S.-based manufacturer, in a cash and stock deal worth C$12.50 a share. Under the agreement, Wittke shareholders will receive either C$6.25 in cash and C$6.25 in Federal Signal shares, or the full amount in Federal Signal stock, Wittke said in a release.

The deal is subject to regulatory and shareholder approvals

Wittke shares, halted before the news, closed up 25 Canadian cents at C$10.75 on the Toronto Stock Exchange. Shares of Federal Signal, which makes fire rescue vehicles and street sweepers, were unchanged at $21 in New York.