Maxim announces share repurchasing

15 April 2008

In the US, Maxim Crane Works Holdings Inc. announced Monday, 22 January, that it has completed its analysis of strategic business alternatives, which it announced in the middle of last year.

According to a company statement, Maxim's Board of Directors determined that “shareholder value can best be maximized in the future by continuing Maxim's focus of capturing incremental operating efficiencies and growing penetration in existing markets and evaluating potentially accretive acquisition opportunities.”

The board also authorized management and Goldman, Sachs & Co. to develop a share repurchase programme for its common stock, the details of which, the company said, will be announced in the near future.

Latest News
First Scottish crane operator apprenticeship announced
Scottish Plant Owners Association and CITB announce first ever Scottish crane operator apprenticeship
Two new additions to AEMs Hall of Fame
Two leading figures from the construction industry have been added to listing
Fifth IAPA judge announced
Pedro Torres, CEO of Riwal, takes the final judging place ahead of the March 2024 event