Shareholder Alert: Ademi LLP investigates whether Manitex International, Inc. has obtained a Fair Price for its Public Shareholders

Core Viewpoint - Ademi LLP is investigating Manitex for potential breaches of fiduciary duty and other legal violations related to its transaction with Tadano, which involves a cash offer of $5.80 per share [1][2]. Group 1: Transaction Details - Manitex stockholders will receive $5.80 per share, valuing the equity at $123 million and the total transaction at $223 million, including outstanding debt [2]. - The transaction agreement restricts competing offers for Manitex by imposing a significant penalty if a competing bid is accepted [2]. Group 2: Board Conduct Investigation - The investigation focuses on the conduct of Manitex's board of directors to determine if they are fulfilling their fiduciary duties to all shareholders [3].