Manitowoc Considers Options on Enodis

Thursday, June 08, 2006
The Manitowoc Company, Inc. notes the announcement by Enodis plc. It confirms that it approached the Board of Enodis with an indicative, non-binding cash proposal, which during a meeting with senior representatives of Enodis, was rejected. Terry D. Growcock, Manitowoc’s Chairman and Chief Executive Officer, said, “The Company is disappointed that Enodis has rejected its indicative proposal. Manitowoc remains committed to identifying and pursuing strategic acquisition opportunities that will enhance its global business enterprise”. Manitowoc is considering its options with regard to Enodis, and there can be no certainty that an offer will be made nor of the terms relating to such an offer. JPMorgan Cazenove is advising Manitowoc in this matter.
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