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Stock Market & Financial Investment News

News Breaks
June 30, 2014
07:46 EDTMTWManitowoc price target raised to $39 from $34 at Credit Suisse
Credit Suisse raised its price target for Manitowoc shares to $39 saying that while the idea of splitting the company is not new, there are no real synergies between the two businesses. It believes the Foodservice unit is undervalued and keeps an Outperform rating on the stock.
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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