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COLUMBUS MCKINNON ENDS YALE TENDER OFFER

Columbus McKinnon Corp. said Thursday that 68.4 percent of the shares and warrants of Yale International Inc. had been tendered to it under its $24 a share offer that expired at midnight Wednesday.

The Amherst chain and hoist manufacturer said that any Yale shares not tendered will be acquired in a subsequent second-step merger at the same $24 cash price, without interest. Holders of any outstanding warrants will be entitled to the difference between $24 and the exercise price of the warrants.

Columbus McKinnon said it expects to complete the merger with the Charlotte, N.C.-based materials handling firm as soon as possible.

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