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Manitex International Shares Surge After Acquisition by Tadano for $223 Million
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Manitex International Shares Surge After Acquisition by Tadano for $223 Million
Sep 13, 2024 1:20 PM

04:12 PM EDT, 09/12/2024 (MT Newswires) -- Manitex International ( MNTX ) shares closed up 48% Thursday after Tadano agreed to acquire the company for $223 million.

Tadano will pay $5.80 a share to acquire the truck cranes manufacturer, Brown Gibbons Lang, the exclusive financial adviser to Manitex ( MNTX ), said in a statement.

The transaction is expected to be completed in Q1.

Price: 5.63, Change: +1.82, Percent Change: +47.77

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