Enodis Share Discussion Threads

[grigor] 01/7/2008 07:54

Final offer 328p

Got mine at 86p :-)

[lucky_elliott] 24/6/2008 20:22

Thank you much appreciated

[grigor] 24/6/2008 19:30

Wait for the auction

[lucky_elliott] 24/6/2008 16:47

what does a girl do??? sell or hang on now???

[spectoacc] 23/6/2008 12:56

Anyone know what's happening here? Over a week since that Telegraph article, no indication of an auction/any further bids/any more news that I've seen.

Surely it shouldn't take the takeover panel this long to decide whether there's going to be an auction.

Edit - phoned the co, they say it's with the t/o panel & have absolutely no idea when they might decide something.

[grigor] 15/6/2008 11:03

Late-night auction for Enodis

The fate of Enodis, the FTSE 250 manufacturer of kitchen equipment, is to be settled through a late-night auction similar to the one which led to last year's £6.2bn takeover of Corus, the former British Steel.

[grigor] 12/6/2008 10:48

Enodis bidders await Takeover Panel verdict

Manitowoc and Illinois Tool Works have put their battle for Enodis on hold as they wait to hear whether the UK Takeover Panel will advise the restaurant equipment maker to establish a more formal auction process.

[grigor] 04/6/2008 21:00

Still rising above the latest offer but low volumes

[grigor] 01/6/2008 12:55

ITW not cooked yet in Enodis bidding battle
By: Bob Tita June 02, 2008

Illinois Tool Works Inc. CEO David Speer will have to dig deeper into his pockets if he wants to pull off his company's biggest acquisition in almost a decade.

Analysts expect ITW to top the latest bid for British commercial kitchen equipment maker Enodis PLC, which last month agreed to a $2.1-billion buyout offer from Wisconsin-based Manitowoc Co. Manitowoc's offer, the latest salvo in a bidding war that began in April, topped a $2-billion deal ITW had struck with Enodis just weeks earlier. Last week, Enodis' board recommended the company's shareholders approve the Manitowoc terms, but a shareholder vote has not been set. ...

[grigor] 19/5/2008 07:48

Come on ITW - You know you want it!

[2shemshersingh] 18/5/2008 15:36

we may get a bidding war and the stock could hit 310p, on weakness I'm going to try and pick some more up but not to chase it up.

[grigor] 16/5/2008 10:31

Share price 12p over the last offer

Nearly 6 million shares traded so far this morning

300p offer from Manitowoc or a third party?

[grigor] 15/5/2008 10:43

EGM on 18th June 2008 for ITW offer.

Payment by 29th August 2008.

[grigor] 08/5/2008 11:49

Manitowoc Company or Illinois Tool Works?

Fight to the death hopefully

3rd bid from Electrolux?

[whonosewhy] 08/5/2008 10:32

Unbelieveable you wait several months for a bidder and two come along at once.

I feel like a bit of a chicken really because I sold out on the basis that previous bids had not been successful and I was happy to take the profit I had gained.

I guess fortune favours the brave...and I was not brave.

Well done to those that held on.

[grigor] 14/4/2008 20:20

The Manitowoc Company, Inc. to Acquire Enodis plc For $2.1 Billion

[grigor] 11/4/2008 18:10

"Both companies will have been aware of the antitrust issue this time round," said Arbuthnot Securities analyst Michael Blogg. "If there is a problem it will be reflected in the price."

He added that companies normally circumvent antitrust issues by selling the particular division in question.

[goldstar] 10/4/2008 15:12

Looks like a bear trap to me.

[whonosewhy] 10/4/2008 11:50

People who have been here longer than me have seen this happen a couple of times before bids got rejected.

I'm not sure what to do either.

[grigor] 10/4/2008 11:49

Looks a generous offer

There may be problems with too large a market share in kitchen equipment

[goldstar] 10/4/2008 11:23

hmm, still 20% in it ... any views on the risk ?

[andrewlewis] 10/4/2008 09:02

Is this for real or will the Board reject it?