The bidding war for equipment maker Enodis PLC has apparently ended with Manitowoc Company's $2.7 billion buyout offer the winner. In early May, a $2.3 billion offer from Illinois Tool Works had seemed to trump an earlier $2.1 billion offer from Manitowoc, but the offer was never presented to Enodis shareholders. That prompted the United Kingdom Takeover Panel, a regulatory body that oversees mergers and acquisitions of British companies to set up an auction for Enodis. In that action, ...

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