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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Harshu Vyas who wrote (76283)	10/2/2024 4:10:11 PM
From: E_K_S	Read Replies (1) \| Respond to of 78958

Re: Manitowoc Company (MTW) The back story is a similar company MNTX was bought out 9/11/2024 w/ similar assets and customers as MTW. MANITEX INTERNATIONAL INC is a leading provider of engineered lifting solutions including boom trucks, cranes, rough terrain forklifts, and special mission oriented vehicles. Through their subsidiaries, they manufacture and market a comprehensive line of boom trucks and sign cranes. Manitex International, Inc. (MNTX) has entered into a definitive agreement to be acquired by Tadano Ltd. in an all-cash deal valued at $223 million. This total includes approximately $100 million in outstanding debt, resulting in an equity value of $123 million for Manitex 1 2 5 . Under the terms of the agreement, shareholders of Manitex will receive $5.80 per share, which represents a premium of about 52.2% over the company's closing share price of $3.81 on September 11, 2024, the day before the announcement 2 4 .The acquisition is expected to close in early 2025, pending approval from Manitex shareholders and regulatory bodies 1 3 MTW has about 3x the market cap of MNTX. Both are small caps but there is a good chance MTW gets a similar offer.