MNTX Overview

Acquisition Announcement: Manitex International, Inc. has been acquired by Tadano Ltd. in an all-cash transaction valued at $223 million, marking a significant consolidation in the construction equipment sector.

Company Overview: Manitex is a leading manufacturer of mobile truck cranes and aerial work platforms, with a strong presence in the global market and recognized brands, while Tadano is a well-established crane manufacturer based in Japan.

Acquisition Announcement: Manitex International, Inc. has been acquired by Tadano Ltd., with shareholders receiving $5.80 per share in cash; Manitex is now a wholly owned subsidiary and its shares are no longer publicly traded.

Company Overview: Manitex specializes in mobile truck cranes and industrial equipment, while Tadano has a long history of producing hydraulic truck cranes and emphasizes safety, quality, and efficiency in its operations.

Merger Approval: Manitex International's shareholders approved the Merger Agreement with Tadano Ltd., allowing for the acquisition of all outstanding shares at $5.80 per share, with the transaction expected to close in early January 2025.

Future Implications: Following the merger, Manitex will become a private company and its shares will no longer be traded on NASDAQ, while the full results of the shareholder vote will be reported to the SEC.

Investigation of Companies: Halper Sadeh LLC is investigating potential violations of federal securities laws and breaches of fiduciary duties related to the sales of Cross Country Healthcare, EnLink Midstream, and Manitex International, urging shareholders to explore their legal rights.

Legal Support for Shareholders: The firm offers contingent fee arrangements for shareholders seeking legal action, emphasizing their commitment to representing investors affected by corporate misconduct and securities fraud.

Legal Investigations: Monteverde & Associates PC is investigating proposed mergers involving Manitex International, Crossfirst Bankshares, and Village Bank and Trust Financial Corp, with shareholder votes scheduled for December 19 and 20, 2024.

Firm's Credentials: The firm, recognized as a Top 50 Firm by ISS Securities Class Action Services, emphasizes its successful track record in recovering money for shareholders and encourages potential clients to inquire about their legal services.