US firm Manitowoc has won the auction for Enodis, the Anglo-American kitchen equipment maker, with a £1.2bn bid after going head-to-head with Illinois Tool Works in a blind auction..

Manitowoc trumped its US rival with a 328p-a-share offer, a 136pc premium to Enodis’s share price before Manitowoc’s first agreed approach at 260p in April. After debt, the final bid is £1.33bn.

Posted: 07|1|08 at 7:56 am. Filed under: US News.