Manitowoc (MTW) Unlikely to Thaw Debt
March 27, 2009 at 17:13 PM EDT
Manitowoc (MTW) is selling its ice making equipment divisions responsible for the brands Scotsman, Ice-O-Matic, Simag, Barline among others. Manitowoc will receive $160 million in exchange for the business from Braveheart Acquisitions a subsidiary of private equity giant Warburg Pincus. Manitowoc stock has been under significant pressure, down nearly 90% since a year [...]