Kitchen Shares Sink Drama for Enodis Takeover

Summary


Kitchen equipment group Enodis saw its share price slump 17 per cent yesterday after a three-month takeover saga went off the boil.

The fall came as Enodis and its US bidder Manitowoc failed to reach a "mutually acceptable" solution to tackling certain regulatory risks relating to a potential tie-up.

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Kitchen Shares Sink Drama for Enodis Takeover

Manitowoc had been prepared to pay at least pounds 890 million for Enodis, w...

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