Manitowoc (MTW) Unlikely to Thaw Debt

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 [...]
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