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Icahn Acquires Stake in Manitowoc, Seeks Splitup

By Clip Syndicate
Carl Icahn reported a 7.7 percent stake in Manitowoc and became the second activist investor this year to push for a split up of the company's crane and food service equipment businesses. Manitowoc's crane business has been hurt by weak demand for its rough-terrain and boom trucks, and the company said in October that it expected revenue in the business to decline by a mid-to-high single-digit percentage in 2014.

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