Manitowoc to Acquire Crane Business of H&E Equipment Services

The Manitowoc Company Inc. , a global manufacturer of cranes and lifting solutions, announced that it has entered into a definitive agreement to acquire the crane business of H&E Equipment Services Inc. , one of the largest rental equipment companies in the United States. Under the terms of the agreement, Manitowoc is expected to pay approximately $130 million funded by a combination of cash on hand and existing debt availability....

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