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Stock Market & Financial Investment News

News Breaks
May 5, 2014
08:18 EDTMTWManitowoc sell-off overdone, says BMO Capital
After Manitowoc reported weaker than expected Q1 results, BMO Capital believes that investors should focus on the company's healthy Crane backlog and ongoing Foodservice strength. The firm thinks the stock has reached a very compelling entry point, and it reiterates an Outperform rating on the shares.
News For MTW From The Last 14 Days
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September 1, 2015
17:05 EDTMTWManitowoc files Form 10 with SEC for separation plan
The Manitowoc announced the initial filing of a Form 10 Registration Statement with the SEC in connection with the Company's previously announced plan to separate its Cranes and Foodservice businesses. Manitowoc anticipates effecting the separation through a tax-free spin-off of the Foodservice business, which the Company expects to be completed in the Q1 of FY16. The separation remains subject to the approval of the Manitowoc Board of Directors and the satisfaction of certain other customary conditions, including the effectiveness of the Form 10 Registration Statement.

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