The 6am cut - Alphaville by email

Most Popular Posts

  1. Fancy being an FT Alphaviller?
  2. Further reading
  3. Further reading
  4. Pink Picks
  5. 'Not as bad as feared' is the new code for 'buy, buy, buy'
  6. Show more...
  7. Show less...
  8.  

Blogs we're reading

Classified Jobs

Finance Director
Recruiter: First Choice Coffee
Finance Director
Recruiter: Retail
Commercial Finance and Bid Director
Recruiter: dunnhumby
Head of Budgeting and Financial Information
Recruiter: Peabody Trust
Head of Internal Audit
Recruiter: Meggitt
Director of Decision Support
Recruiter: Lloydspharmacy
Group Financial Controller
Recruiter: Agilisys
Vice President, Audit Manager
Recruiter: Leading Investment Banking Group

Site Navigation


Principal content

ITW in agreed counterbid for Enodis

Illinois Tool Works launched a counterbid for Enodis on Thursday, disrupting what had appeared to be a done deal with Manitowoc, its US rival. The catering equipment maker recommended an offer of 282p a share from ITW, including 2p in lieu of dividend – 12p higher than the amount it advised its shareholders to accept two weeks ago. The offer values Enodis at about £1bn, more than double its market cap on April 8, the day before it first came under offer from Manitowoc.

RSS Feed

Comments

Have your say...

You must be logged in to post a comment. Log in using the box at the top right of the screen or open a free account with FT.com and click on the "Continue" button at the end of that registration process.