Tadano to acquire Manitex International

D.Ann Shiffler Editor in Chief, American Cranes & Transport

12 September 2024

Manitex shareholders will receive $5.80 per share in cash, which represents a premium of approximately 52.2 percent over the company’s closing share price of $3.81 on September 11, 2024. Upon completion of the transaction, Manitex’s shares will no longer trade on NASDAQ or any other public market, according to sources.

Japanese crane maker Tadano Ltd will acquire Manitex International, an international manufacturer of truck cranes, loader cranes and specialized industrial equipment.

The deal announced 12 September is an all-cash transaction at an equity value of US$123 million and with a total transaction value of $223 million, including outstanding debt.…

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