SHAREHOLDER NOTICE: Brodsky & Smith announces an investigation of Manitex International, Inc. (MNTX)

Bala Cynwyd, Pennsylvania–(Newsfile Corp. – September 12, 2024) – The law firm of Brodsky & Smith announces that it is investigating potential claims against the board of directors of Manitex International, Inc. (“Manitex” or the “Company”) (NASDAQ: MNTX) for possible breaches of fiduciary duties and other violations of federal and state laws in connection with the sale of the Company to Tadano Ltd. (“Tadano”). Under the terms of the agreement, Tadano will acquire all of the outstanding shares of Manitex for $5.80 in cash.

The investigation is looking into whether Manitex’s board breached its fiduciary duties to shareholders by failing to conduct a fair process. Among other things, it is examining whether Tadano is paying the company’s shareholders a fair price. For example, the deal is priced below the 52-week high of $9.16 for the company’s shares.