Brief: Manitex International Inc Announces $32.7 Million Equity Investment By Tadano Ltd

Manitex International

25/05/2018 13:08

May 25 (Reuters) - Manitex International Inc  MNTX.O :
    * MANITEX INTERNATIONAL, INC. ANNOUNCES $32.7 MILLION EQUITY
INVESTMENT BY TADANO, LTD.
    * MANITEX INTERNATIONAL INC - UPON CLOSING OF DEAL, TADANO
WILL
OWN 14.9% PERCENT OF MANITEX'S OUTSTANDING SHARES OF COMMON
STOCK
    * MANITEX INTERNATIONAL - INVESTMENT BY TADANO, LTD OF ABOUT
$32.7
MILLION IN MANITEX THROUGH PURCHASE OF 2.9 MILLION SHARES OF
CO'S COMMON STOCK
    * MANITEX INTERNATIONAL INC - IN CONNECTION WITH DEAL,
TADANO HAS
A RIGHT TO DESIGNATE ONE MEMBER TO COMPANY'S BOARD OF DIRECTORS
    * MANITEX INTERNATIONAL INC - SHARES WERE PURCHASED AT
$11.19 PER
SHARE
    * MANITEX INTERNATIONAL - INGO SCHILLER, PRESIDENT AND CEO
OF
TADANO AMERICA WILL BE INITIAL MEMBER OF BOARD DESIGNATED BY
TADANO

Source text for Eikon:  ID:nGNX1YYrrc 
Further company coverage:  MNTX.O 

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