Manitex International shares are trading higher after the company announced it will be acquired by Tadano for $5.80 per share in cash.
Portfolio Pulse from Benzinga Newsdesk
Manitex International shares surged following the announcement of its acquisition by Tadano for $5.80 per share in cash.
September 12, 2024 | 2:53 pm
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Manitex International's stock price increased after the announcement of its acquisition by Tadano for $5.80 per share in cash.
The acquisition announcement typically leads to a rise in the target company's stock price as the offer price is usually at a premium. The cash offer of $5.80 per share likely exceeds the current trading price, causing the stock to trade higher.
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