Enodis News Archives

Graeme Dickson is a sales trader at Lite Financial, an independent brokerage. He has been trading the financial markets for nine years, and is a regular contributor to several leading investment periodicals.

Enodis gives timetable for purchase by Manitowoc Enodis Plc, the U.K. supplier of fryers to McDonald's Corp., provided a timetable for its $2.13 billion purchase by Manitowoc Co.

Stocks rose in Europe and Asia as higher metals and oil prices lifted commodity producers and investors speculated takeovers will increase.

European shares moved higher for the fourth session in a row on Monday, with miners once more helping the advance. via Market Watch

“If they were thinking about disposing of some food service assets if the acquisition went through, maybe they wouldn't be averse to spinning that out completely”

Executives at diversified manufacturer Manitowoc Co Inc have spent a good deal of time in recent years justifying the company's curious mix of businesses, which they admit offer few benefits aside from ... via Reuters

“We strongly believe this cash offer brings significant value to Enodis' shareholders”

The transaction also includes the assumption of Enodis' net debt, which was $210 million as of September 30, 2007, bringing the total fair market value to $2.3 billion. via Earth Times

Illinois Tool Works Inc. said Thursday that it has reached an agreement to buy food service equipment manufacturer Enodis plc in a deal worth $2.3 billion, outbidding a prior buyout offer for Enodis from ... via The Business Journal of Milwaukee

“We're in the process of retrenching, figuring out what our options are”

LONDON/NEW YORK : Enodis has agreed to be bought by Illinois Tool Works for 1.03 billion pounds, turning its back on the agreed 948 million pounds takeover by U.S.-based Manitowoc Co . via International Herald Tribune

Illinois Tool Works Inc. , the manufacturer of Duo-Fast nail guns and Wilsonart countertops, agreed to buy Enodis Plc for $2.1 billion, trumping a rival offer for the U.K. catering-gear maker from Manitowoc Co. via Bloomberg