Manitex international announces planned divestiture of sabre unit

Manitex international inc - announces planned divestiture of sabre unit.manitex international - board has approved divestiture of sabre equipment, a non-core specialized industrial tank/container business.manitex international inc - transaction will allow co to increase focus on core higher margin businesses.manitex international inc - transaction will be accretive to adjusted ebitda and earnings per share in 2020.manitex international inc - will classify sabre unit as 'held for sale' beginning with q1 2020 financial report.manitex international inc - does not expect to record any material charges in future quarters for divestiture.manitex international inc - proceeds from any future transaction are expected to be used for debt repayment.
MNTX Ratings Summary
MNTX Quant Ranking