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News Breaks
August 1, 2014
13:32 EDTMTWManitowoc August and September calls active
Manitowoc August 27, 28 and September 28 calls are active on total call volume of 17K contracts (1K puts). August, September and December call option implied volatility of 34 is at its 26-week average of according to Track Data. Active call volume suggests traders taking positions for price movement. Note on June 26 Relational Investors reported an 8.52% stake in the company and urged for a spin-off of its food business.
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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