Marcopolo Makes Strategic Investment in New Flyer

TORONTO, Jan. 23, 2013 /CNW/ - Marcopolo S.A. ("Marcopolo"), a leading 
Brazilian company in bus body production, has agreed with New Flyer Industries 
Inc. ("New Flyer") to make a strategic acquisition of 11,087,834 newly issued 
common shares ("Shares") of New Flyer on a private placement basis for $10.50 
per Share. 4,925,530 Shares will be issued to Marcopolo upon closing 
expected on or prior to March 1, 2013, with the remainder (6,162,304 Shares) 
to be issued to Marcopolo at the same price per Share in one tranche over the 
next 12 months following closing as determined by New Flyer based on its 
investment and financing needs and in certain other circumstances. Upon 
completion of the acquisition, Marcopolo will own 19.99% of the then issued 
and outstanding Shares. 
Marcopolo is purchasing the Shares for investment purposes and may increase or 
decrease its equity investment in New Flyer through market transactions, 
private agreements, treasury issuances, exercise of options, warrants or other 
convertible securities or otherwise at any time subject to applicable 
contractual restrictions and depending on market conditions and any other 
relevant factors from time to time. 
Marcopolo and New Flyer also signed a Memorandum of Understanding to explore 
opportunities to cooperate on engineering, technical, purchasing and 
operational matters, with a focus on reducing New Flyer's bus manufacturing 
and aftermarket part costs and enhancing New Flyer's competitiveness. The 
companies further agreed to assess Marcopolo's technology and products for 
possible introduction into the Canadian and US markets through New Flyer as 
well as New Flyer's technology and products for potential distribution into 
global markets. 
    
Marcopolo's address is Marcopolo Street, 280 - Bairro Planalto, Caxias  do Sul 
- RS - Brasil - CEP: 95086-200. 
SOURCE: Marcopolo S.A. 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/January2013/23/c8265.html 
CO: Marcopolo S.A.
ST: Ontario 
-0- Jan/24/2013 00:03 GMT
 
 
Press spacebar to pause and continue. Press esc to stop.