Thu Sep 12 18:16:00 UTC 2024: ## Law Firm Ademi LLP Investigating Manitex for Possible Breaches in Tadano Deal
**Milwaukee, WI** – Ademi LLP, a law firm specializing in shareholder litigation, is investigating Manitex International Inc. (Nasdaq: MNTX) for potential breaches of fiduciary duty and other violations of law in its proposed merger with Tadano. The firm alleges that Manitex stockholders are being offered an unfairly low price of $5.80 per share in an all-cash deal, resulting in an equity value of $123 million and a total transaction value of $223 million.
Ademi LLP is particularly concerned about the transaction agreement’s restrictive clauses that limit competing bids for Manitex, imposing a significant penalty if the company accepts a higher offer. Furthermore, the firm is investigating whether Manitex insiders are benefiting from the merger through substantial change of control arrangements.
The firm is encouraging Manitex shareholders to contact them to learn more about the investigation. Shareholders can reach out to Guri Ademi by email at [email protected] or by phone at 866-264-3995.
Ademi LLP specializes in representing shareholders in buyouts, mergers, and other transactions where they believe their rights are being violated. The firm emphasizes that there is no cost or obligation to shareholders who wish to join the investigation.
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