International Business News - Manitowoc http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Manitowoc Co. on Wednesday lowered its estimate for 2008 profit by less than 5 percent to a range of $3.15 to $3.25. Analysts surveyed by Thomson Reuters expect the maker of construction equipment to earn $3.44 per share. http://www.ibtimes.com/articles/20081029/manitowoc-lowers-2008-profit-outlook.htm Wed, 29 Oct 2008 07:57:41 EDT Manitowoc Co., maker of construction equipment, said Wednesday that it swung to a loss in the third quarter, primarily due to a failed attempt to protect against the falling dollar in its acquisition of Enodis PLC. http://www.ibtimes.com/articles/20081029/manitowoc-swings-to-3q-loss-on-currency-hedge.htm Wed, 29 Oct 2008 07:38:24 EDT Manitowoc Co. said Monday it has closed on its $2.7 billion buyout of Enodis PLC, a maker of food service equipment, but said its third-quarter results would include a currency hedging loss from the deal. http://www.ibtimes.com/articles/20081027/manitowoc-completes-enodis-acquisition.htm Mon, 27 Oct 2008 09:50:52 EDT The U.S. Justice Department and Manitowoc Co. reached an agreement Monday that will allow the commercial ice cube machine maker to acquire British rival Enodis PLC. http://www.ibtimes.com/articles/20081006/doj-moves-to-freeze-ice-machine-maker-merger.htm Mon, 06 Oct 2008 20:02:51 EDT European Union regulators on Friday approved the $2.2 billion takeover of British cooking equipment supplier Enodis PLC by Manitowoc Company Inc. of the United States, provided that Enodis' ice-making machines business in Europe is sold. http://www.ibtimes.com/articles/20080919/europeans-clear-enodis-manitowac-deal.htm Fri, 19 Sep 2008 12:07:32 EDT Shares of Manitowoc Co. Inc. slid Monday after the manufacturer of cranes and walk-in coolers said it sold its ship building division for $120 million in an all-cash deal that one analyst said could lower earnings next year. http://www.ibtimes.com/articles/20080804/manitowoc-shares-fall-after-ship-building-sale.htm Mon, 04 Aug 2008 18:37:26 EDT Manufacturer Manitowoc Co. said Monday it agreed to sell its Marine business to an Italian ship builder for $120 million in cash. Fincantieri Marine Group Holdings Inc. will buy the smallest of Manitowoc's three business in a deal that is expected to close at the end of 2008, provided regulators approve. Manitowoc Marine Group is a shipbuilding, ship repair and conversion business that has facilities in Cleveland, and in Sturgeon Bay, Wis., and Marinette, Wis. It has 1,587 employees. http://www.ibtimes.com/articles/20080804/manitowoc-sells-marine-business-for-120-million.htm Mon, 04 Aug 2008 07:34:18 EDT Manufacturer Manitowoc Company Inc. said Monday that second quarter earnings rose 37 percent on stronger overseas demand for its construction equipment unit and strength in its marine division. http://www.ibtimes.com/articles/20080728/manitowoc-2q-profit-rises-37-percent.htm Mon, 28 Jul 2008 19:07:40 EDT Heavy equipment maker Manitowoc Co. on Friday said it named Cynthia M. Egnotovich to its board effective immediately. Egnotovich, who will also serve on the board's audit committee, replaces Robert S. Throop who retired earlier this year after 16 years on the board. http://www.ibtimes.com/articles/20080725/manitowoc-names-new-board-member.htm Fri, 25 Jul 2008 15:14:24 EDT The Manitowoc Company says it has won an auction to buy British restaurant-equipment manufacturer Enodis PLC for $2.7 billion. The nation's biggest ice-machine maker said Monday it outbid Illinois Tool Works. The Glenview, Illinois-based company withdrew from the auction after bidding an unspecified amount. http://www.ibtimes.com/articles/20080630/enodis-accepts-manitowocs-takeover-bid-of-2-7b.htm Mon, 30 Jun 2008 20:38:13 EDT Moody's Investors Service on Monday affirmed its ratings for Manitowoc Co., after the heavy equipment company boosted its offer to acquire Enodis PLC. http://www.ibtimes.com/articles/20080519/moodys-backs-manitowoc-ratings.htm Mon, 19 May 2008 13:58:00 EDT Shares of Manitowoc Inc. rose Thursday on news that Enodis PLC accepted a $2 billion acquisition bid from Illinois Tool Works Inc., trumping Manitowoc's earlier offer. http://www.ibtimes.com/articles/20080508/manitowoc-shares-rise-on-illinois-tool-plans-to-buy-enodis.htm Thu, 08 May 2008 15:21:16 EDT Manitowoc Co. said Monday its board declared a regular quarterly dividend of 2 cents. The company, which makes construction cranes and other heavy equipment, said the dividend is payable June 12 to shareholders of record June 2. http://www.ibtimes.com/articles/20080506/manitowoc-sets-regular-quarterly-dividend-of-2-cents.htm Tue, 06 May 2008 15:22:07 EDT