Grove sale will add to tax till
GREENCASTLE, Pa. - Antrim Township and Greencastle/Antrim School District officials said Friday that while they expect some extra cash from transfer taxes from the expected sale of Grove Worldwide in Shady Grove, they are not planning any big purchases soon.
Grove, which has plants worldwide, announced that a Texas investment company signed an agreement to buy the cranemaker for $605 million. The deal is expected to close in about three months, officials said.
"I've been through corporate sales before. We're not even estimating how much it will be," said Schools Superintendent P. Duff Rearick.