Manitowoc to buy H&E Equipment's crane business, shares up
20/07/2021 16:04
** Shares of crane manufacturer MTW.N up 7.3% at $22.04
** Co says it will acquire the crane business of rental
equipment firm H&E Equipment Services Inc HEES.O for ~$130 mln
urn:newsml:reuters.com:*:nBw1qC1vCa
** Acquistion to expand MTW's ability to provide rentals,
new and used sales and replacement parts in key U.S. markets -
co
** Says deal, expected to close in Q4, to be funded by a
combination of cash on hand and existing debt
** Stock up 65.6% YTD, including session's gains
(Reporting by Amruta Khandekar)
((Amruta.Khandekar@thomsonreuters.com;))