Manitowoc Co Inc
Will Manitowoc’s spin-off create value for shareholders?
According to Deutsche Bank, Manitowoc’s share could be worth between $23 and $28 if it separates its businesses.
How does Manitowoc view the split?
MTW expects its two newly formed companies to be consistent in capital structure and credit rating with that of Manitowoc.
How Manitowoc’s 3Q results reflect “muted demand environment”
Manitowoc has a global footprint with presence in all major geographies and serves diversified end markets.
Manitowoc to spin off after activist pressure
In its 8K filing with the SEC on January 29, Manitowoc announced that it will split its cranes and foodservice businesses.
Leveraged Loan Funds Witnessed Outflows: What Does It Mean?
Leveraged loan funds saw an outflow in the week ending February 3. It’s the fifth successive week in 2016. The quantum of outflows was $405.0 million last week.
Icahn’s 4Q14, Historical Holdings Show Robust Confidence in Apple
Carl Icahn added Apple to his portfolio in September 2013, purchasing ~27 million shares. Since March 2014, the fund has maintained its holdings at ~53 million shares.
US Manufacturing PMI Points to Weakening Business Conditions
August’s US Manufacturing PMI flash reading pointed to weakening business conditions in the US.
Relational Investors goes activist on Manitowoc
Relational Investors LLC was co-founded by Ralph Whitworth and David Batchelder. It filed a 13D with the SEC last week and said it acquired 11.5 million shares, or an 8.52% stake, in Manitowoc (MTW)
Leveraged Loan Funds Continued to See Outflows Last Week
Leveraged loan funds saw an outflow in the week ended February 24, making it the eighth such successive week in 2016.
A Recap of High-Yield Bonds Year-to-Date in 2016
High yield debt issuers have been wary of volatile market conditions. High-yield bonds worth $11.9 billion have been issued as of February 19, 2016.
High-Yield Bond Issuance Rose after Equity Markets Stabilized
High-yield bond issuance rose last week, with three deals being priced as stock markets rebounded on positive corporate earnings results.
Leveraged Loan Funds: Continued Outflows Week Ended February 10
Returns on leveraged loans fell in the week ended February 12. The S&P/LSTA US Leveraged Loan 100 Index fell 1.1% from a week ago.
Why Carl Icahn threatened a proxy fight at Gannett
Last month, activist investor Carl Icahn put pressure on Gannett Company (GCI). He threatened a proxy fight unless the fund’s concerns were resolved.
Why Manitowoc’s foodservice business softened in 2014
During the fourth quarter, Manitowoc’s foodservice revenue declined 6.3% year-over-year (or YoY) to $374.2 million.
A key overview of Manitowoc’s foodservice business
Manitowoc’s foodservice business designs, manufactures, and supplies food and beverage equipment.
Why Manitowoc’s crane business is so volatile
Manitowoc’s crane business is one of the world’s largest providers of lifting equipment for the global construction industry.
Manitowoc enhances shareholder value with capital investment
During the third quarter, Manitowoc’s cash from continuing operations was $59.9 million versus $116.1 million in the prior-year quarter.
Manitowoc foodservice segment neutralizes cyclicality of cranes
Manitowoc foodservice reported net sales of $417.1 million, up 3.8% from $401.9 million in 3Q13.
Why the outlook for Manitowoc’s crane segment remains weak
For 3Q14, net sales in Manitowoc’s crane segment were $569.2 million, 6.7% down compared to $610.2 million in the third quarter of 2013.
Carl Icahn discloses activist stake in Manitowoc
Activist investor Carl Icahn owns a 7.77% stake in Manitowoc and will push it to break into two companies.