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, ...
Register to view this Article
Registering for Premium Content on Food Management will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick.