17.06.2002

Offer for Skyjack

Skyjack's board has unanimously recommended that shareholders accept an offer for all the outstanding shares in the company from Linamar Corp.

The offer is designed to give full control of Skyjack to Linamar - it already owns 49.5 per cent, (about 4 million), of all shares. The offer is conditional on a majority of the outstanding shares being tendered.

"This acquisition will provide needed financial stability for Skyjack and serve as a platform for future growth. It will also allow Skyjack to focus on developing long lasting relationships with its customers and suppliers" said Linamar president Linda Hasenfratz.