Toro shares rise 10.13% intraday after securityholders approve $1.92/share acquisition of Tornado Infrastructure Equipment.

Toro surged 10.13% intraday after Tornado Infrastructure Equipment Ltd. securityholders overwhelmingly approved a $1.92-per-share acquisition by The Toro Company. The deal, set to close by December 8, 2025, grants Toro access to Tornado’s hydrovac technology leadership and expands its infrastructure equipment portfolio. The 99.65% shareholder and 99.68% overall approval underscores market confidence in the strategic value, aligning with Toro’s growth in the $1.5B hydrovac sector by 2033.