LONDON -- U.K. food-equipment maker Enodis PLC Tuesday said it has agreed to accept a £1.08 billion ($2.1 billion) offer from Manitowoc Co., discarding its recommendation of a previous bid from Illinois Tool Works Inc. in the latest twist to a long-running takeover battle.
Manitowoc, of Manitowoc, Wis., Monday offered 294 pence per share for Enodis, trumping ITW's proposal for 280 pence per share and representing a ...
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