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Stock Market & Financial Investment News

News Breaks
June 27, 2014
09:10 EDTGS, MTWManitowoc acknowledges Relational's 13D filing
The Manitowoc Company (MTW) acknowledged that Relational Investors LLC has filed a Schedule 13D with the Securities and Exchange Commission reporting that it has acquired beneficial ownership of 8.52% of the company's common stock. “As an organization, we are committed to acting in the best interest of the company and all of its stakeholders. We have maintained, and will continue to maintain, an open dialogue with all of our shareholders. In fact, we have already had several conversations with Relational Investors. As part of our regular evaluation of the company’s enterprise-wide strategic imperatives to drive long-term shareholder value, we will continue to consider and review Relational Investors’ suggestions,” commented Glen E. Tellock, Manitowoc’s chairman and CEO. “We have great confidence in the strength of our business and our ability to manage the company in any market environment. The Board of Directors and management team remain committed to building value for all shareholders through the continued execution of our strategy, including margin expansion initiatives which are already delivering results, and the continued evaluation of our capital allocation policy following our substantial deleveraging since the Enodis transaction,” concluded Tellock. Goldman, Sachs & Co. (GS) is serving as financial advisor to The Manitowoc Company, Inc.
News For MTW;GS From The Last 14 Days
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May 26, 2015
08:17 EDTGSGoldman hired by Carlyle for potential stake sale in Telecable, Reuters reports
Goldman Sachs (GS) has been hired by Carlyle (CG) to advise the company on a possible sale of its 85% stake in Telecable, a Spanish telecoms operator, Reuters reports, citing two sources. Reference Link
06:04 EDTGSGoldman seeks to target $1B in renewable energy bonds in Japan, Reuters says
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May 20, 2015
08:21 EDTGSATM data theft soars to highest rate in two decades, WSJ says
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May 15, 2015
17:39 EDTMTWRelational Investors gives quarterly update on stakes
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16:35 EDTMTWIcahn Associates gives quarterly update on stakes
NEW STAKES: None. INCREASED STAKES: Manitowoc (MTW), Voltari (VLTC), Federal-Mogul Holdings (FDML), and Chesapeake Energy (CHK). DECREASED STAKES: None. LIQUIDATED STAKES: None.

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