MANITOU, leader mondial de la manutention tout-terrain

Manitou Acquires Gehl

The subsequent offering period expired at 12:00 p.m. (noon), New York City time, on Friday, October 24, 2008. The depositary for the offer has advised MANITOU and TENEDOR that shareholders of GEHL have now validly tendered a total of 9,752,734 GEHL shares, representing, when taken together with the 1,748,046 shares already owned by MANITOU, approximately 95.3% of the outstanding and fully diluted shares of common stock of GEHL. TENEDOR has accepted for payment all GEHL shares validly tendered in the offer and the subsequent offering period.

After the transfer of 1,102,973 GEHL shares from MANITOU to TENEDOR, TENEDOR’s ownership of the common stock of GEHL will exceed the 90% required to effect a short-form merger of TENEDOR with and into GEHL under Wisconsin law. TENEDOR expects to effect the short-form merger as soon as practicable, subject to the satisfaction or waiver of the conditions to the merger, without the need for a meeting of GEHL shareholders. In the merger, TENEDOR will acquire all other GEHL shares (other than those as to which holders properly exercise appraisal rights, if any are available) at the same $30.00 per share price, without interest and less any required withholding taxes, that was paid in the tender offer. As a result of the merger, GEHL will become a wholly owned subsidiary of MANITOU and, following the merger, GEHL shares will be delisted from the NASDAQ.