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Essex Rental Corp. (fka ESSX)

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Last Post: 8/30/2017 5:23:23 PM - Followers: 2 - Board type: Free - Posts Today: 0

Coast Crane to Be Acquired by Maxim Crane Works for $72.5 Million

April 20, 2017

"BRIDGEVILLE, Pa. & BUFFALO GROVE, Ill.--(BUSINESS WIRE)-- Maxim Crane Works, L.P. ("Maxim") and Essex Rental Corp. (OTC: ESSX) ("Essex") today jointly announced that the companies have entered into a stock purchase agreement pursuant to which Maxim will acquire Coast Crane Company ("Coast"), an indirect wholly-owned subsidiary of Essex. Founded in 1970 and based in Seattle, Washington, Coast is one of the largest providers of bare crane rental and related lift solutions servicing the West Coast of the United States. Maxim's acquisition of Coast meaningfully enhances Maxim's fullservice, nationwide crane rental and lifting solutions platform and expands its operations in one of the nation's fastest growing crane rental markets."

"Pursuant to the stock purchase agreement, Maxim will acquire all of the issued and outstanding shares of Coast's parent company, CC Acquisition Holding Corp., for $72.5 million, subject to closing date working capital and other adjustments. The sale has been approved by Essex's Board of Directors and is expected to close in the second quarter of 2017. The transaction is subject to customary closing conditions and the approval of Essex stockholders. A special meeting of Essex stockholders to approve the sale will be held on a date to be announced."

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#34   ESSX: Liquidation amount per share= $0.20. Payable upon Renee 08/30/17 05:23:23 PM
#33   Something brewing? Went in small $ESSX jjr04001 08/01/17 03:02:29 PM
#32   $ESSX - Bids holding strong and lower volume Sobek 05/13/17 10:30:30 AM
#31   Agree, risk reward is too attractive to pass Sobek 05/03/17 12:19:59 PM
#30   Indeed, seems very undervalued. However, a couple of misterp 05/02/17 04:01:23 PM
#29   Current pps .205 gives a $5.125 million m/c, Sobek 05/02/17 12:08:19 PM
#28   Some interesting information about the company buying $ESSX, Sobek 05/02/17 10:52:33 AM
#27   Link to the ESSX Coast Crane website, getting Sobek 04/30/17 06:20:32 PM
#26   $ESSX Maxim to Acquire Coast Crane from Essex Sobek 04/25/17 05:18:28 PM
#25   Nice move smitter 03/11/16 02:08:12 PM
#24   now .125 fatboob 01/26/16 04:06:46 PM
#23   ESSX delisted from the Nasdaq to the OTC: Renee 12/24/15 01:11:00 PM
#22   ESSX looking real good here!! looks like i RZB 12/18/15 07:51:46 PM
#21   I got a few 13's. Is anyone else Pure_Greatness 12/18/15 05:02:17 PM
#20   Default on loan. willlbone 08/06/15 12:18:13 PM
#19   $ESSX recent news/filings stocktrademan 04/13/15 01:33:34 PM
#18   Any info on this drop? zachstorm 03/10/15 12:00:51 PM
#17   Takeover bid over $1.50 would quickly eliminate all willlbone 03/05/15 11:29:35 AM
#16   Post #9 has this quote taken from recent willlbone 03/03/15 07:31:11 PM
#15   Wheres that quote from? thanks zachstorm 03/03/15 06:15:05 PM
#14   Casey Capitol might have a private buyer looking willlbone 03/03/15 05:27:55 PM
#13   No it sounded broader than that zachstorm 03/03/15 04:55:00 PM
#12   Probably talking to Casey Capital about adding their willlbone 03/03/15 03:43:02 PM
#11   anyone have any info on what ESSX said zachstorm 03/03/15 02:30:10 PM
#10   Form 13D must be filed by any “investor” willlbone 02/28/15 11:49:44 AM
#9   Check out the form 13D filed on 2-26-15 local 02/27/15 08:48:02 PM
#8   Thoughts so interesting. Will watch! Youlie 02/26/15 09:44:26 PM
#7   ESSX was down today because they failed to willlbone 02/26/15 09:39:00 PM
#6   Why'd it drop so hard? Youlie 02/26/15 09:04:45 PM
#5   Nasty drop today. willlbone 02/26/15 03:05:49 PM
#4   Es-SEX Scandal. willlbone 11/11/13 03:07:04 PM
#3   ~ $ESSX ~ Daily Par Sar Buy Signal Penny Roger$ 07/09/13 09:26:22 AM
#2   ESSX Video Chart 10/19/2012 MissionIR 10/19/12 09:37:46 AM
#1   ~ Monday! $ESSX ~ Earnings posted, pending or Penny Roger$ 03/10/12 11:55:10 PM