Manitex (MNTX) Divests Liftking Subsidiary to Pay Back Debt
Manitex International, Inc. MNTX has sold its Liftking subsidiary for $ 14.0 million to focus on its higher margin core lifting businesses as well as cutting down debt. The net cash proceeds of approximately $ 13.3 million from the sale will be utilized to pay downs of its North American bank debt. Manitex shares gained… Read More »