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| Manitou to acquire all outstanding shares of Gehl Manitou, the French firm that calls itself the world leader in rough-terrain handling equipment, announces the launch of a friendly tender offer to acquire all shares of common stock of Gehl Company, a U.S. manufacturer of compact equipment used worldwide in construction and agricultural markets. The offer consideration, to be fully paid in cash, values Gehl at $30 per share, representing a 120% premium over Gehl's closing price on the last trading day prior to this announcement, and a premium of 92% above the average closing price of Gehl's shares over the last six months. write your comments about the article :: © 2008 Construction News :: home page |