Tag Archives: Barry Pennypacker

Manitowoc Completes Spinoff Of Manitowoc Foodservice

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A quick update now that the transaction is official. The Manitowoc Company (MTW) completed the tax-free spinoff of Manitowoc Foodservice (MFS) on Friday, with shareholders receiving one share of MFS for every share of MTW owned. Expectations were for the legacy crane business, which kept the company name, to languish amidst a severe downcycle and for the foodservice… Read More »

Manitowoc Foodservice Spin Set For Early March Leaving Independent Crane Business

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Farewell Foodservice! Manitowoc’s (MTW) board of directors formally approved the spinoff of Manitowoc Foodservice, its foodservice equipment segment, last week. The new company will trade on the NYSE under the ticker ‘MFS’ and on March 4th, shareholders will receive one share of MFS for every MTW share owned. A ‘When-Issued’ market is expected to begin on or around February… Read More »