Gehl announces acquisition agreement

Gehl Company has signed an agreement to be acquired by Manitou BF S.A., its largest shareholder, for $30 per share. Manitou is a manufacturer and distributor of material handling equipment with headquarters in France, and it owns about 14.40 percent of Gehl’s outstanding stock.

The transaction is valued at approximately $450 million. Gehl and Manitou expect the current management team to remain intact.

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