Maxim Crane Works sets meeting date for merger vote

By Lisa Kerner

Charlotte, N.C., May 21 - Maxim Crane Works Holdings, Inc. shareholders will vote on the company's merger agreement with affiliates of Platinum Equity Partners II, LP at a special meeting on June 11 at 11 a.m. ET.

The record date for the meeting is May 21, according to a company news release.

It was previously reported that Maxim Crane agreed to be acquired by affiliates of Platinum Equity for $42.50 per share of common stock.

Holders of series A and series B warrants to acquire Maxim Crane common stock will receive the difference between the exercise price of their warrants and $42.50 per share, a prior Maxim Crane news release said.

Platinum and Maxim Crane said they expect the transaction to close by June 30 and no later than Aug. 20.

Maxim Crane is a full-service crane rental company based in Pittsburgh.

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