Manitowoc could split cranes and food service
2014-12-31
Manitowoc is being pushed to separate its food service and crane manufacturing businesses. According to reports by the Wall Street Journal and USA Today, shares in the company jumped more than 9% this morning trading Monday after investor Carl Icahn, and activist shareholder and investor, bought a 7.7% stake in the company. Icahn is the majority shareholder of Icahn Enterprises, a diversified holding company.
