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Icahn buys Manitowoc Co. stake, will urge breakup

2014-12-29 17:45:42| Industrial Machines - Topix.net

Billionaire activist investor Carl Icahn on Monday revealed that he now has 7.7 percent interest in The Manitowoc Co. Inc. and will call for the company to split its crane and food-service divisions into separate companies.

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Icahn acquires stake in Manitowoc, seeks splitup

2014-12-29 14:43:16| Industrial Machines - Topix.net

Carl Icahn reported a 7.7 percent stake in Manitowoc Co Inc , and became the second activist investor this year to push for a splitup of the company's crane and foodservice equipment businesses. Ralph Whitworth's Relational Investors urged the company to spin off the foodservice equipment business in June, when it reported an 8.5 percent stake in the Wisconsin-based company.

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Manitowoc lays off fewer than 100 workers

2014-12-17 20:25:58| Industrial Machines - Topix.net

Brian Smith, director of human resources at Manitowoc in Shady Grove, confirmed on Wednesday that fewer than 100 employees were laid off indefinitely from the factory in Antrim Township. "There is never a good time to make reduction," Smith said.

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Manitowoc Company reports more than 8% drop in qua...

2014-10-28 23:58:57| Industrial Machines - Topix.net

New uncertainty in the worldwide economy is blamed for an 8.1 percent drop in the Manitowoc Company's operating profits. The maker of industrial cranes and other heavy equipment had a net income of $50.1 million in continuing operations from July through September.

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Manitowoc Company plans more layoffs

2014-10-10 15:56:52| Industrial Machines - Topix.net

MANITOWOC, Wis The Manitowoc Company is planning another round of layoffs in its ice-machine business. The firm told state officials it would lay off about 60 employees in early December.

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