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Stock Market & Financial Investment News

News Breaks
June 26, 2014
16:28 EDTMTWRelational takes activist stake in Manitowoc, urges split, NYT says
Activist investor Relational Investors plans to disclose that it took an 8.5% stake in Manitowoc and is pushing for the industrial company to split itself in two, according The New York Times' DealBook, citing people briefed on the matter. Shares of Manitowoc are up 11% in after-hours trading following the report and others like it from other media outlets. Reference Link
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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