Key Developments: Columbus McKinnon Corp (CMCO.OQ)

CMCO.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Columbus McKinnon Corporation declares quarterly dividend
Monday, 27 Jul 2015 04:05pm EDT 

Columbus McKinnon Corporation:Approved payment of a regular quarterly dividend of $0.04 per common share.Says the dividend will be payable on or about August 24, 2015 to shareholders of record at the close of business on August 14, 2015.  Full Article

Columbus McKinnon to Acquire Magnetek, Inc
Monday, 27 Jul 2015 06:55am EDT 

Columbus McKinnon:To acquire Magnetek Inc.Deal for $188.9 million.Deal for $50.00 per share.Says about $0.40 accretive in the first full year of combined operations.Says agreement has been approved unanimously by the boards of directors of both companies.Says run rate cost synergies of about $5 million by FY 2017.Says all-cash transaction value of $188.9 million will be funded through a combination of cash on hand and debt.Columbus McKinnon estimates its one-time costs related to the transaction to be between $7.5 million to $8.5 million.  Full Article

Columbus McKinnon declares quarterly dividend
Monday, 30 Mar 2015 04:05pm EDT 

Columbus McKinnon:Approves payment of a regular quarterly dividend of $0.04 per common share.Payable on or about May 18 to shareholders of record at the close of business on May 8.  Full Article

Columbus McKinnon Corp declares quarterly dividend of $0.04 per share
Monday, 26 Jan 2015 04:05pm EST 

Columbus McKinnon Corp:Approves payment of a regular quarterly dividend of $0.04 per common share.Payable on or about Feb. 17, of record date on Feb. 6.  Full Article

Columbus McKinnon acquires Stahlhammer Bommern GmbH
Monday, 5 Jan 2015 06:55am EST 

Columbus McKinnon Corp:Acquires privately-owned Stahlhammer Bommern GmbH (STB), a manufacturer of range of lifting tools and forged parts that are able to withstand particularly heavy, static and dynamic loads, including single and ramshorn lifting hooks.Acquired the equity of STB for $24.6 mln in cash and assumed about $6.6 million of net debt.The purchase agreement includes a potential $3.7 mln earn-out, subject to achieving a certain profit target through calendar year 2015.  Full Article

Columbus McKinnon Corp declares quarterly dividend of $0.04 per share
Monday, 20 Oct 2014 04:05pm EDT 

Columbus McKinnon Corp:Approves payment of a regular quarterly dividend of $0.04 per common share.Dividend will be payable on or about Nov. 17 to shareholders of record at the close of business on Nov. 7.  Full Article

Columbus McKinnon Corp declares quarterly dividend of $0.04 per share
Monday, 28 Jul 2014 04:05pm EDT 

Columbus McKinnon Corp:Approves payment of a regular quarterly dividend of $0.04 per common share.Payable on or about Aug. 18, to shareholders of record at the close of business on Aug. 8.  Full Article

Columbus McKinnon Corp initiates regular quarterly dividend of $0.04 per share
Monday, 24 Mar 2014 04:10pm EDT 

Columbus McKinnon Corp:Initiates a regular quarterly dividend of $0.04 per common share.Representing an annual dividend rate of $0.16 per share.Payable on or about May 19 of record on May 9.  Full Article

Columbus McKinnon Corp completes acquisition of Unified Industries, Inc
Friday, 28 Feb 2014 03:00pm EST 

Columbus McKinnon Corp:Acquired privately-owned Unified Industries, Inc.Says Unified designs, manufacturers and markets overhead light rail workstations primarily used in automotive and other industrial applications.  Full Article

Actuant Corp, Columbus McKinnon Corp, KKR & Co LP, Warburg Pincus LLC And Others Are Among The Bidders For Melrose Industries Plc's Crosby Group LLC-Reuters
Wednesday, 2 Oct 2013 06:52pm EDT 

Reuters reported that Actuant Corp and Columbus McKinnon Corp are among the bidders for Crosby Group LLC, a lifting equipment company that is valued at around $1 billion. Crosby, a unit of British engineering firm Melrose Industries Plc, has also attracted private equity offers, including from KKR & Co LP, Warburg Pincus LLC, TPG Capital LP and CCMP Capital LP. The management of Tulsa, Oklahoma-based Crosby has already met with potential buyers and the company will soon seek final bids, details of the sale process are confidential.  Full Article

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