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Crane Company latest news:
BRIEF-Manitex international, inc. Announces $12 million new crane order taken at ICUEE 2017
* Manitex International, Inc. Announces $12 million new crane order taken at
Manitowoc shares fall 1% after company plans reverse stock split
Shares of Manitowoc Co. Inc. fell more than 1% late Thursday after the crane manufacturer said it planned to undertake a reverse stock split. The reverse split, at a ratio of 1-for-4, will reduce the number of shares of the company's common stock from 300 million shares to 75 million shares. It is "expected to increase the per share trading price of the common stock, which may improve marketability and facilitate its trading," Manitowoc said in a statement. The reverse split is subject to shareholder approval and other considerations, the company said. Shares of Manitowoc ended the regular trading down 1%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Marcato's McGuire sees Terex's share price more than tripling
NEW YORK (Reuters) - Hedge fund manager Mick McGuire on Tuesday said that crane maker Terex Corp's share price could more than triple as the company focuses on its core business and pursues a...
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