Manitowoc (MTW -7.9%) shares slide after Ali Group reportedly says it isn't interested in acquiring the company's food service distribution. MTW stock was trading at $14 on Friday before rumors of a potential sale crossed wires and drove the stock up to ~$15.20.
|Oct. 22, 2012, 3:31 PM
Oct. 19, 2012, 3:14 PM
Manitowoc (MTW +4.5%) shares pop on a story making the rounds that the capital goods manufacturer is seeing interest from Italy's Ali Group.