16:25 ET BGL Announces Manitex International Completes the Closing of its Acquisition by Tadano Ltd.

prnewswire
2025.01.07 21:25
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Brown Gibbons Lang & Company (BGL) announced that Manitex International, Inc. has completed its acquisition by Tadano Ltd. in an all-cash transaction valued at $223 million, or $5.80 per share, representing a 52% premium over the last trading day prior to the announcement. Following the acquisition, Manitex is now a wholly owned subsidiary of Tadano and its shares are no longer publicly traded. BGL served as the exclusive financial advisor to Manitex in this transaction.