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Manitex International ( (MNTX) ) has provided an announcement.
Manitex International has announced the completion of its acquisition by Tadano Ltd., resulting in Manitex becoming a wholly owned subsidiary of Tadano. As part of the acquisition, Manitex’s shares are no longer publicly traded on NASDAQ, which marks a significant change in the company’s market presence, and shareholders received $5.80 in cash per share. This acquisition reflects a strategic move by Tadano to enhance its global market positioning in the construction and industrial equipment sectors.
More about Manitex International
Manitex International, Inc. is a leading provider of mobile truck cranes, industrial lifting solutions, aerial work platforms, construction equipment, and rental solutions. The company serves general construction, crane companies, and heavy industry, engineering and manufacturing its products in North America and Europe, and distributing through independent dealers globally. Its brands include Manitex, PM, Oil & Steel, Valla, and Rabern Rentals.
Average Trading Volume: 109,213
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $118.3M
Learn more about MNTX stock on TipRanks’ Stock Analysis page.